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Director Loan Account

Bank trf from one business to another

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If there is a bank trasfer from one business account to another business account Can we treat this as Director Loan Account 

Debit :Director Loan Account

Credit : Bank

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By johngroganjga
15th Aug 2021 20:48

What do you mean by “business account”? Do you mean a company’s bank account?

And when you ask about transfers from one account to another, do you mean between two bank accounts of the same company, or do you mean from the bank account of one company to the bank account of another company?

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