Directors Loan Account as Asset/Liability or Bank Account

Very true. I was only addressing @ProDev’s question on how to offset an expense claim to a capital account, not whether that was the correct thing to do. Of course, depending on location and form of organization, the term shareholder can mean different things to different people.

No, It’s nothing like that. I’ll try follow the guide suggested by Tut.

Then why answer the question at all if your answer isn’t going to be the correct thing to do.
Users don’t come to this forum just to be told a story that suits you.
I find your admission, answering a question regardless of its correctness, somewhat staggering.

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