sravanmaheshdesai (MD) (22 Points)
22 May 2017Ours is a Pvt Ltd Company.
We have heads in Current Liabilities for Directors given loan.
How and in what account the repayment should be done?
rocky
(accountant)
(953 Points)
Replied 23 May 2017
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8613 Points)
Replied 24 May 2017
Debit Bank account and credit Director loan account, Since the director is return the loan payment to the company
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