You are given the follawing information for
Becker & Riaan Nursery for the month ended
28 February 20.2:
Becker and Riaan Nursery owes Big Nursery
Suppliers an amount of R35 000. Due ta
tough economic conditions, Becker & Riaan
Nursery had to resort to providing services
on credit and their clients owe them
R45 000. Becker & Riaan Nursery also owns
equipment to the value of R15 000 and had
an unfavourable bank account balance of
R20 000.
What is the net worth (equity) of Becker &
Riaan Nursery on 28 February 20.27
NB: Instructions
1. Use a full stop to indicate any decimals
(eg: 1000.01)
2. Only show the amaunt, do mot show the R
(eg: 12141.72)
4, lf the net effect on the accounting
equation is a decrease, please enter the
amount as a negative (eg: -12141.72)
Answer:
5000
Becker & Riaan Nursery for the month ended
28 February 20.2:
Becker and Riaan Nursery owes Big Nursery
Suppliers an amount of R35 000. Due ta
tough economic conditions, Becker & Riaan
Nursery had to resort to providing services
on credit and their clients owe them
R45 000. Becker & Riaan Nursery also owns
equipment to the value of R15 000 and had
an unfavourable bank account balance of
R20 000.
What is the net worth (equity) of Becker &
Riaan Nursery on 28 February 20.27
NB: Instructions
1. Use a full stop to indicate any decimals
(eg: 1000.01)
2. Only show the amaunt, do mot show the R
(eg: 12141.72)
4, lf the net effect on the accounting
equation is a decrease, please enter the
amount as a negative (eg: -12141.72)
Answer:
5000
