Cash credit limit
Ranjeet Singh (accounts) (379 Points)
27 November 2018
what is the meaning of cc account???
1 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 27 November 2018
If you are taking about CC account of BANK then its cash credit account , Its oprative account you can deposit /withdraw as many times you can yp to certain limit . CC limit is depends upon your Current asstes , like Debtors and stock . One has to submit Debtors/ stock staement to bank by monthly .
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