How to record Directors Loan?
instint
Member Posts: 11 Novice Member
I would like to know how to record Directors loan.
0
Answers
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This is how I handle it - if the director has lent the money to the business it will be a Current Liability account. If the reverse it will be a Current Asset account - no tax code
1 -
And make sure your Tax Accountant is aware if you have a Debit Loan a/c !
Cosmic Accounting Group
Accountants and Tax Agents 22397009
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