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.
1 Replies
Aarush
(Delhi)
(1566 Points)
Replied 12 September 2012
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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