Director as a creditor

Nisha Yadav (Accounts exe) (455 Points)

18 December 2012  

Dear All,

Can a Director be a creditor for same company??

Actualy i got a Bill from director for Consultancy Fee, Now problem is that where i show to director a/c .....

In under of Sundry creditors or under of Unsecured loan ...

Is it true that we cant show to a director in creditors list...

Please help me i m counfused .....

 

Thanks to all