Show deposit of wages for director in bank account

Juanita Michelic_10487784
Juanita Michelic_10487784 Member Posts: 1
i want to show a deposit for the director into another bank account, what chart o f account do i use pls

Comments

  • Jean_9855189
    Jean_9855189 Member Posts: 19
    edited February 2020
    Assuming you are paying the director for something, and you want to know what expense account in your books to put it to.  It would depend on what it is for.  If wages, then it goes in wages, if directors fees, it goes to an account called Directors Fees. If it is a re-imbursement of expenses, then it depends on what the expenses were.  Or is it a loan? then it goes to his loan a/c in the balance sheet.  
    Is this what you mean?
  • Juanita Michelic_9933993
    Juanita Michelic_9933993 Member Posts: 8
    edited March 2020
    Yes questioned answered, thank you so much for your help!! :-)