Balance sheet - "amount due from directors"?

O

onmyd

Guest
what does this item represent in a balance sheet? how can the directors use this for their own gain?
 
It sounds as if the company gave a loan to the directors.

This has very serious compliance and tax issues.

Are you sure it's not amount due to directors?

Brendan
 
if it is "to" what does that imply?

Also what are the tax and compliance issues you mention?
 
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