Shareholders loans

Jeanne Arcand · #1 Feb 25, 2008, 11:08 AM

How exactly do they work?

If he takes a withdrawal out of ltd. company- do I cr bank and dr share holders loan?

If he transfers funds from his personal account to business- do I dr bank and cr share holders loan?

thanks!

Jeanne

MaggieMouse · Feb 26, 2008, 09:19 AM

You can use Owner's Loan or Owner's transfer, and Cash for the opposite side.



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