Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. according to the belgian chart of accounts how wou

According to the Belgian Chart of Accounts how would I record this journal entry ...

60.1K

Verified Solution

Question

Accounting

According to the Belgian Chart of Accounts how would I record this journal entry

01/01/20X1 - C/A extract no. X1/001

Monica and Chandler decide to set up a company together (MONCHAN). They decide to open a store to sell furniture. Chandler owns a three-year old van that he will bring into the company (instead of cash) for share capital. Monica brings in 40 000,00 EUR in cash and they agree that Chandlers van is worth 32 000,00 EUR. They decide that share capital has to be paid up for 75%. [1 000 shares are issued at a price of 72,00 EUR per share

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

All? techniques, conflicting rankings???Nicholson Roofing? Materials, Inc., is considering two mutually exclusive? projects, each with an initial...

Finance
Q

A Major League baseball team wants to reach out to fans in their stadium to offer...

General Management
Q

QUESTION 21 Listed below are seven errors or problems that might occur in the processing of cash...

Accounting
Q

Natural selection is part of which step of speciation?A. reproductionB. overproductionC. adaptationD. separation

Biology
Q

Figure below shows regular hexagons with charges at the vertices In which of the following...

Physics
Q

the equity at the beginning of the month was 60000 during...

Accounting
Q

FastQ Company, a specialist in printing, has established 500 convenience copying centers throughout the country....

Accounting
Q

Which of the following would not be a correct form for an adjusting entry? ...

Accounting
Q

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power...

Accounting
Q

Look back at Part D on p. 74. For each argument: If it is valid...

Accounting
Q

Zora pays X to purchase an annuity that makes payments of 150 every two years...

Finance
Q

_____________ is the process of allocating funds for investments in long-term assets ...

Finance