A director in a company has withdrawed some money from the Company for business purposes.
Directors account is on the debit side of the companys balancesheet.
Will it be termed as deemed dividend?
1 Replies
Pranjali
(intern)
(2216 Points)
Replied 13 September 2018
No, it is defnitely not deemed divident. It can just be withdrawn with the name of the expense for which he's withdrawing on the credit.
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