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Definition
A director's current account is a term used, especially by accountants, for the director's loan account — the ledger recording the running balance of amounts owed between a director and the company.
In plain terms
It's the same thing as the director's loan account, just under a more formal name. In credit, the company owes you; overdrawn, you owe the company.
Why it matters for your company
Whatever it's called, keep it documented and reconciled to avoid tax surprises. See the director's loan account explained.
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