Solution EXERCISE 1 – Company Diane
1. Incorporation of company Diane by Mr. Dia and Mrs. Ne who bring in cash 8000 euros
(respectively 5000 euros and 3000 euros) on 5/12/N.
2. Withdrawal of 800 euros from the bank in cash on 7/12/N
3. Acquisition of equipment for 3000 euros without VAT on 9/12/N, supplier credit paid at 15 days
4. Receipt of a bank loan of 5000 euros (no VAT) on 15/12/N
5. Payment of the equipment invoice on 24/12/N
Record transactions in Diane’s accounts
Capital
Bank
8000 (1)
(1) 8000
800 (2)
3600 (3)
