Cash credit journal entry

Interest on CC A/c Dr
To Bank A/c Cr
( Being Interest charged by the Bank for cash credit )

processing fees A/c Dr
To Bank. A/c Cr
( proceedings fees for CC account )

For cheque book charges you create ledger Bank charges A/c

Bank Charges A/c Dr
To Bank A/c Cr
( cheque book charges paid )

For  Cash Credit  Company has  to give  Stock in Hand  , Trade  Debtors . Trade Creditors  etc to bank  for  Drawing power .Company Can withdraw  as per Drawing power  or sanction Limit  Whichever is lower .

Thanks and is below entry correct to show in book of firm to show opening for cash credit 

 

Icici bank account no 12345 debit 

to 

overdraft account