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Nil bal.in c.c

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Querist : Anonymous (Querist)
15 December 2012 Is there required to make nil balance every year in cash credit account? why
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Hari Beldona

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Hari Beldona (Expert)
15 December 2012 Cash Credit is nothing but working capital financed by the Bank normally against hypothication of stock in trade and receivables. CC is a short time credit say for 1 year which is to be renewed before from the date of sanction. This is to be followed carried every year.
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