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Level 1

How do record adding money into Directors Loan

 
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Best answer February 07, 2019

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Level 15

How do record adding money into Directors Loan

IF

if the director is loaning money TO the company, make a deposit and use that directors loan account as the source (from) account for the deposit

if the company is loaning money TO the director, write a check and use that directors loan account as the expense (reason) for the check

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Highlighted
Level 15

How do record adding money into Directors Loan

IF

if the director is loaning money TO the company, make a deposit and use that directors loan account as the source (from) account for the deposit

if the company is loaning money TO the director, write a check and use that directors loan account as the expense (reason) for the check

View solution in original post