directors loan account

[emmahughes]

Hi

I purchased a property for 62500 in July 2019.

I have recorded a purchase cost of 62500 and a mortage of 46480. The rest was a directors loan into the company account. The directors also loaned 3217 for the sols.

I have recorded a payment of 3217 from the liability directors loan account into ENH of 3217 but on the balance sheet it is showing ENH directors loan account as now being in credit which is wrong ... it should be in debt to the directors?


Please can you advise how I should be recording against the DL account as its proving quite complicatd.

[steveprice]

There are 2 Directors loan accounts. Make sure you have paid the money into the directors loan (Liability) account.