Using funds from company bank account for personal items?

With non-offshore companies you definitely wouldn't want to use funds from your company bank account for personal purchases, at least that's the case in my country. At least not without clearly documenting everything and paying it back to the company.

The idea being that you and your company are 2 separate legal entities, and you cannot be using funds from your company directly for your personal gain without first making the funds 'yours' through salary or dividends for example.

But if...

Using funds from company bank account for personal items?