Hi All senior,
I have a question about the director loan account.
As we loan to company for 30k in company A. When the account preparations only 27.7k as in the year end,as i am accidently take some money back (Honestly just use company debit card to buy something)The accountant categorised it as repay to director loan. So in the balance sheet left 27.7k But my director loan agreement is 30k. Will the home office doubt of it.
I did transfer 30k from my personal bank to company account. But will the home office doubt about the year end balance of director loan is 27.7k?
Is the HOme office restrict us to pay back the director loan within 3 years?
Thanks for all senior help
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