What is the journal entry when a director pays expenses on behalf of the company?
AnswerBot
1y
When a director pays expenses on behalf of the company, an entry is made to record the transaction.
The director's payment is recorded as a liability for the company.
The entry includes debiting the app...read more
vinod kumar
1mo
Expenses a/c Dr
To directors loan a/c/Directors current a/c
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