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Bank cc a/c.

This query is : Resolved 
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(Querist)
17 October 2016 Dear Experts,

I have a CC A/C in Central bank. i have made CC A/C. in Bank O/D A/c. under the head of Loans(Liability side of my BS).
Is that correct as per rule? if correct ,then how it is the different from regular bank a/c.


thanking you
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 October 2016 yes, you can group like that. No problem.
in normal current account, bank is debtor and you are creditor
In OD account it is other way round
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