CVA

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What is an overdrawn directors loan account?

What is an overdrawn directors loan account? An overdrawn Directors loan account relates to funds being removed from the company by its director which is in excess of his remuneration and or declared dividends and remains outstanding to the company at the financial year end or at the point of an insolvency.

What is an overdrawn directors loan account?2018-12-19T13:05:37+00:00