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    Bank OD Account in Tally 1

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    yashusahu180
    This document discusses Bank OD (Over Draft) accounts in Tally. It explains: 1. There are two groups in Tally - Bank OD Account and Bank OCC Account, which have the same meaning. They are like loan accounts but with important differences from a loan. 2. A Bank OD Account is an account where the bank provides a usage limit, for example Rs. 1 lakh, and the customer only pays interest on amounts used, not the full limit. Interest stops as amounts are repaid. 3. A Bank OD Account ledger should be created for any bank overdraft/credit card limit, with the bank name. This group is different from bank loan and savings accounts.

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    © All Rights Reserved
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    Bank OD Account in Tally 1

    Uploaded by

    yashusahu180
    183 views3 pages
    This document discusses Bank OD (Over Draft) accounts in Tally. It explains: 1. There are two groups in Tally - Bank OD Account and Bank OCC Account, which have the same meaning. They are like loan accounts but with important differences from a loan. 2. A Bank OD Account is an account where the bank provides a usage limit, for example Rs. 1 lakh, and the customer only pays interest on amounts used, not the full limit. Interest stops as amounts are repaid. 3. A Bank OD Account ledger should be created for any bank overdraft/credit card limit, with the bank name. This group is different from bank loan and savings accounts.

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    Bank-OD-Account-in-Tally-1

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    This document discusses Bank OD (Over Draft) accounts in Tally. It explains: 1. There are two groups in Tally - Bank OD Account and Bank OCC Account, which have the same meaning. They are like loan accounts but with important differences from a loan. 2. A Bank OD Account is an account where the bank provides a usage limit, for example Rs. 1 lakh, and the customer only pays interest on amounts used, not the full limit. Interest stops as amounts are repaid. 3. A Bank OD Account ledger should be created for any bank overdraft/credit card limit, with the bank name. This group is different from bank loan and savings accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    183 views3 pages

    Bank OD Account in Tally 1

    Uploaded by

    yashusahu180
    This document discusses Bank OD (Over Draft) accounts in Tally. It explains: 1. There are two groups in Tally - Bank OD Account and Bank OCC Account, which have the same meaning. They are like loan accounts but with important differences from a loan. 2. A Bank OD Account is an account where the bank provides a usage limit, for example Rs. 1 lakh, and the customer only pays interest on amounts used, not the full limit. Interest stops as amounts are repaid. 3. A Bank OD Account ledger should be created for any bank overdraft/credit card limit, with the bank name. This group is different from bank loan and savings accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    www.tallyclass.com Bank OD Account www.youtube.

    com/c/happylearny

    Chapter 40 : Bank OD Account Group in Tally


    Sabse Pehle main Aapko batana chahta hu ki Tally me 2 Group hai

    1. Bank OD Account
    2. Bank OCC Account

    in Dono ka matlab ek hi hota hai in dono me se koi bhi Group le Sakte hai

    Bank Saving Account ya Current Account me jo Paisa Jama hota hai wo hamara hota hai aur
    uska Group Bank Account hota hai.

    Bank OD Account ka Matlab hota hai - Bank Over Draft Account


    Bank OCC Account ka Matlab hota hai - Bank Open Cash Credit Account

    ye dono Account Loan ki Tarah hi hote hai lekin Loan Account me aur OD Account me bahut
    Fark hai.

    to sabse pehle Bank OD Account ka concept Clear karte hai ki bank OD Account hota kya hai.

    What is Bank OD Account


    is tarah ke account me Bank hame Loan ke Jaise paise use karne ke liye limit deti hai maan lijiye
    wo limit 1 lakh rupye ki hai aur is limit ke sath hi hamara bank me ek Account shuru ho jata hai
    jise Bank OD Account kehte hai.

    ab Jab tak ye 1 Lakh rupye usi Bank OD Account me Pade hai tab tak hamare ek rupya bhi byaz
    nahi lagta aur bank hamse ek rupya bhi nahi mangta.

    ab usi Account me se maan lijiye hamne business use ke liye 30000 Rupye Nikal Liye to Ab
    Bank Hamse 30000 Rs. mangega aur jab tak ham wo 30000 rs. Bank me Wapas Nahi jama
    karwate tab tak kewal 30000 Rs. par hi Byaz Lagega na ki 1 lakh par aur ye 30000 Rs. Jab aap
    wapas jama karwa denge tab se aapka 30000 rs par bhi byaz lagna band ho jayega.

    isi kehte hai Bank OD Account Jisme Bank Dwara jitne Bhi Rupye ki Limit di Jati hai Utne
    Rupye ham Use kar Sakte hai aur Un rupye me se jitne bhi paise use karte hai kewal utne hi
    rupye par byaz lagta hai aur jaise hi wo rupye wapas jama karwa denge to byaz bhi lagna band
    ho jayega.

    Bahut se log Aise Ledger ko Loan Account ke Group me Daal dete hai jabki ye galat hai Bank
    OD Account me Aur Bank Loan Account me Bahut Fark Hota hai jo Kuch is Tarah hai
    www.tallyclass.com Bank OD Account www.youtube.com/c/happylearny

    Difference Between Bank OD Account & Bank Loan Account


    Bank OD Account Bank Loan Account
    Bank Dwara paisa Use karne ki ek Limit Bank Dwara Loan kiya jata hai jaise 1 Lakh
    Di jati hai jaise 1 Lakh Rs. Rupye
    Jab Tak aap ye 1 lakh rupye me 1 Rupya aap chahe 1 Paisa bhi use kare ya na kare byaz
    bhi use nahi karte tab tak koi bhi byaz lagna usi din shuru ho jata hai jis din aapka loan
    nahi lagta huwa hai.
    Jitna paisa use karoge utna rupye par hi pure 1 lakh rupye par byaz lagta hai. aur pure ek
    byaz lagta hai aur utne rupye hi wapas lakh rupye wapas lautane hai
    lautane hai
    is Account me mahine ki koi bhi kist nahi loan account me har mahine ki fix installment
    hoti hai hoti hai jo aapko time hote hi jama karwani
    padti hai.

    to is post se simply me aapko ye samjhana chahta hu ki

    Bank Saving aur Current Account Alag hota hai Jiska Group hai Bank Account
    aur Agar Aapke Bank me Limit hai to Uska Group Alag Hota hai Jo Bank OD Account ya Bank
    OCC Account dono me se koi Bhi Le Sakte hai.
    Aur Bank me Loan Account ka Group bhi Alag Hota hai jo ham Aage Sikhenge

    Bank OD Account me Kaun Kaun se Ledger Bante hai


    Ab main Aapko Ye Bata Deta hu ki Kaun Kaun se Ledger Bank OD Account ya Bank OCC
    account me Bante hai

    1. Kisi bhi Bank me CC limit hai ya OD limit hai Chahe wo


    HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank ho Ya koi bhi Dusri Bank ho to uska
    Ledger Bank OD Account ke Group me Banta hai.

    Maan lijiye kisi ki HDFC Bank me CC limit hai to Ledger Banana Chahiye "HDFC
    Bank OD Account”

    2. Kisi bhi Bank se Credit Card Liya huwa hai Chahe wo


    HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank ho Ya koi bhi Dusri Bank ho to uska
    Ledger bhi Bank OD Account ke Group me Banta hai

    Credit Card liya huwa hai to Ledger Banana Chahiye "HDFC Bank Credit Card
    Account"
    www.tallyclass.com Bank OD Account www.youtube.com/c/happylearny

    to Dosto ye 2 hi tarah ke Account hai Jinka Ledger Bank OD Account ke Group me Banta hai ab
    baki ke jo bank Loan account hai unka Kaunsa Group hai to wo ham aage Sikhenge.

    Nature of Bank OD Account Group


    to Ab main Aapko Bank OD Account Group ka Nature Bata Deta hu.

    Agar Kisi ne Bank se CC limit Le Rakhi hai aur wo us limit ko Use Kar Raha hai to Wo Paise
    Bank ko Wapas Lautane hai to Simply Bank OD Account ka Nature ho Gaya Liability ka.

    Kyunki Ye Ham Par Liability hai ke Jo paise Hamne Limit se Use kiye hai wo hame Bank ko
    Wapas Lautane hai.

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