General Ledger queries

[Benedict White <..hidden..>]

  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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