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Overdrawn Director’s Loan Accounts Explained From Head To Toe
johnmiller3413 January 18, 2022Almost every business has a director’s loan account. You might be wondering what it is? It’s a transaction account that contains two parties: the company & directors. When the director withdraws the money from the company, then it shifts to a debit side of his/her loan account. When funds are introduced, they are recorded on… Continue Reading »
