Ltd company money held by director in personal account...

Ltd company money held by director in personal...

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... Is there any reason this shouldn't be treated any differently to the funds had it been held in a ltd company account? Ie not treated as directors loan and when used as directors expenses claim to the company.
After all cash held by the director would be company money so shouldn't money held in a directors personal account be treated as company money in the same way, just the director has custody of it

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By petersaxton
10th Feb 2014 08:05

Where does the director keep their personal money?

In the company bank account?

Why are they doing this? Why not have company money in company bank account and personal money in personal bank account? It would be less confusing.

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