ACCOUNTING ENTRIES IN BOOK OF COMPANY FOR CASH CREDIT AND OVERDRAFT

Suppliers dr.
Cr. Bank

1) Your Bank CC OD A/c will be Credit Balance , you have show under Loan's Liability side Balance sheet .


2) payment to supplier pass entry

Trader Creditors A/c Dr
To Bank CC/OD A/c Cr
( payment to supplier )

3) Transfer cash to CC/OD A/c pass
Contra entry

Bank CC/OD A/c Dr
To cash / Bank A/c Cr
( amount transferred to CC/OD A/c )

4 ) Interest on CC/OD A/c entry

Interest on CC A/c Dr
To Bank CC/OD A/c Cr
(payment of Interest )

If we credit bank cc account then what we will have to debit 

In case of cash deposit: 

CC A/c Dr. 

    To Cash A/c

In case of payment to supplier:

Supplier A/c Dr.

    To CC A/c