Accounting recording

Sandip Kumar Halder (Professional) (48 Points)

28 September 2021  

Initial investment is Rs 50000. Accounting done- owner's equity credit Nad cash debit. Please confirm.

Second thing Mr X often putting money to his businesses for his daily running expenses as clients are delaying to pay and its a new start up. For this money accounting - 

Option 1 : Mr X under Unsecured loan ( under current asset) credit and cash debit

Option 2 : owner' s contribution to working capital credit and cash debit.

 

Please suggest.