What Entries come under Bank OCC A/c. & Bank OD A/c. ?
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Answer Posted / satyanarayana raju
Bank OCC-Open Cash Credit
Bank Od-Over draft
Both are loan accounts
Always Bank OCC or OD accounts shows Credit Balance
Bank current account will always show Debit Balance
You will come across Interest on loan account in Loan
account and where as you will not find such entry
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