17 February 2012
Dear sir, Can i have the list, meaning and purpose of the various types of Bank Accounts (like Open cash credit A/c, WCDL A/c, O/D, Term Loan etc.) that may be opened in a Company?
Guest
Guest
(Expert)
02 March 2012
WCDL- working capital demand loan to meet working capital needs.
O/D - overdraft to meet short term bank balance defeciets.
Term loan to meet funding requirement of specific project/asset.
CAclubindia
