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Deepika Agarwal (Querist)
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19 September 2016 The bank agree to the arrangement and to increase the cash credit overdraft limit by ₹100000 upon the shareholders agreeing to bring in a like amount by new equity. What will be the journal entry ?????

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 Please check, if the limit exists fro Authorised Capital. If it is there, then bring the capital and credit the same to share capital

Deepika Agarwal

Deepika Agarwal (Querist)
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20 September 2016 What is treatment if there is bank OD account for ₹600000 ?????

Amol S Joglekar

Amol S Joglekar (Expert)
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20 September 2016 What do you mean by that? Mere sanction of a limit has got NO entry as such in books of accounts...

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