On 03/03/14 00:00, Chris Travers wrote: > > Yes. That is both correct (assuming your £1000 is a loan to the > company from the director, not the other way around). What doesn't > make sense about it? > Well, the Share account is credited to show the company has an asset of capital whereas the directors loan account has at some point (though not in the short term) to be paid back. So whilst it makes some sense it makes a little less than the share issue. (Please remember, I'm not an accountant).
I take it that the general ledger is also (by similar means) the way to enter in purchases of sundry items, professional fees (For example company formation fees) and other sundry expenses? Kind regards Benedict White > Best Wishes, > Chris Travers ------------------------------------------------------------------------------ Subversion Kills Productivity. Get off Subversion & Make the Move to Perforce. With Perforce, you get hassle-free workflows. Merge that actually works. Faster operations. Version large binaries. Built-in WAN optimization and the freedom to use Git, Perforce or both. Make the move to Perforce. http://pubads.g.doubleclick.net/gampad/clk?id=122218951&iu=/4140/ostg.clktrk _______________________________________________ Ledger-smb-users mailing list Ledger-smb-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
