Overdraft facility

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CA
40 Points Joined August 2009

Can anyone help me out on this. i want to know the procedure and documentation for taking overdraft facility with bank. and what is better overdraft or cash credit.

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On 12 September 2012 at 17:56 Report
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Delhi
1566 Points Joined August 2008

Both have pron and cons... depends on requirement of company...

cash credit - securities includes, stock, debtors etc

OD - including anything to recovery

both used for working capital requirements.

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On 12 September 2012 at 21:31


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