Disclosure of Director’s Loan. Case Studies in Accounting “Bridging the Gap”

Abstract

XYZ (Pvt) Ltd is a limited liability company which is engaged producing, importing and hiring films all over the country. They are distributing films using their own circuit of film halls and other circuits, and providing space in their film halls to distribute films of other film circuits. During the financial reporting period of 2013/2014 company has provided a loan for a Managing Director of the company for the purpose of producing, printing and promoting a particular film. The loan has been provided legally with film loan agreement within the parties of Film producer and Film Distributor.