Answer / shyam

If expenses incurred by Director is related to business it
will pass as
Expenses A/c ... Dr.(Mentioned appropriate expense ledger.)
To Bank/Cash A/c

If expenses belongs to his personal it will pass as
Drawing A/c ... Dr.
To bank/Cash A/c.

For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

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