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.