The director's loan account (DLA) is to keep track of the money that the director either borrowed or lend to your company.
If the amount borrowed by the company from the director is greater then the lending amount, then the DLA is in credit. If the lending amount to the director is greater than the borrowing amount then the DLA is overdrawn.
If the amount borrowed by the company from the director is greater then the lending amount, then the DLA is in credit. If the lending amount to the director is greater than the borrowing amount then the DLA is overdrawn.
Top 7 Things To Know About A Director’s Loan Account
The director's loan account (DLA) is to keep track of the money that the director either borrowed or lend to your company.
If the amount borrowed by the company from the director is greater then the lending amount, then the DLA is in credit. If the lending amount to the director is greater than the borrowing amount then the DLA is overdrawn.
