List and detail of bank accounts

This query is : Resolved 

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?

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Guest

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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.



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