Electripete has it right...It's a SERIES circuit and that's all.
On a 240 supply you have two 120 volt transformers in series adding to 240, with a neutral tapped in the center. With a 240 volt load the current passes through both transformers, BOTH breakers and the load to form a SERIES LOOP. In series all the currents are the same, 30 in, 30 out, 30 in, etc.
Now when you have a 120 volt load its ONLY in series with ONE 120 volt TRANSFORMER and the current flows in a single series loop with that ONE transformer. A series loop of one breaker one transformer and one load.
When you have a combination load of 240 & 120 everything still stays in series with its "matched" transformer but the 120 volt load ADDs to the current of that one particular transformer and breaker. Think of it like a 240 volt load being a single lane one way road. A combination load of 240 and 120 as being a single lane road but where the 120 volt load is ... another lane has been added so the current can take a different path at the neutral to complete its own particular series loop!