directors loans | AccountingWEB

directors loans

1 director/shareholder

1 shareholder

Each hold £50 ordinary shares. They hadnt paid for them during the accounting period.

Rather than show unpaid share capital I have

dr dir loan

cr share capital

Im happy with all the RP disclosure etc

However:  its only £50 each. It will be repaid before the tax is due.

I dont need to do anything else do I?



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Yes - you do

Euan MacLennan |
Euan MacLennan's picture