Cc a\c and od a\c?

Cash Credit (CC) is granted against the hypothecation of stock .The drawing limit

permissible is arrived at on the basis of stock held by the borrower. Branch has to obtain

the stock statement at the stipulated intervals from the borrower to have a watch over the

stock position and also to check the goods at regular intervals to satisfy about the

correctness of the declaration of the stock by the borrower. Withdrawals are to be

permitted within drawing limit arrived at on the basis of stock statement and godown and inspection.

Bank Overdraft: In case of Bank OD, a lien is obtained from the customer and collateral security is obtained if required. Generally Bank OD limit is less than CC limit which is granted to the customer.

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Cc a\c and od a\c?

AUDITOR VINOTHKUMAR

Ashish Kulkarni

AUDITOR VINOTHKUMAR

thank you sir............

Ashish Kulkarni

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Cc a\c and od a\c?

thank you sir............

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