Right, now I'm up an running on a test system, I have this company,
started with £10 of share capital and a directors loan of say £1000.
I am assuming that I enter the share capital via a GL transaction,
(Journal entry) where I credit the relevant share account, and debit the
bank account, because now they (the bank) owe the company money?
I take it then I credit the directors loan account and debit the bank
account as well, though this seems to make slightly less sense.
Kind regards
Benedict White
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