A Director’s Loan Account serves as a critical accounting ledger that tracks every monetary movement involving an incorporated organization and its company officer. This distinct ledger entry comes into play whenever an executive withdraws capital out of the company or injects personal money into the company. Differing from typical employee compe

An executive loan account constitutes a vital accounting ledger which records any financial exchanges between a business entity along with its executive leader. This distinct account comes into play whenever an executive withdraws funds out of the company or injects personal money into the company. In contrast to standard salary payments, dividends