Directors loan
This query is : Open
Sebastian Thomas
(Querist)
17 July 2017
Mr.A a director of a pvt ltd company had given loan to Mr.B a person who once worked in the company. Mr B however repayed the loan to the company instead of paying it personally. Can this amount be shown as loan from Mr.A to the pvt ltd company.
17 July 2017
Dear Sebastian.,
A ll be given loan to B if personally. It's no more effects on company's book.
If A paid loan to B instead of company. Then it treated in company's book.
Then,
it's treated A to Company to B
then When it received treated B to Company to A.....
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