Question
Peter Moloi is the owner of Moloi's Plumbing. On 31 October 20.1 you are given the following information for Moloi's Plumbing. Clients owing for plumbing
Peter Moloi is the owner of Moloi's Plumbing. On 31 October 20.1 you are given the following information for Moloi's Plumbing. Clients owing for plumbing services rendered on credit Equipment owned by Moloi's Plumbing Unfavourable bank balance Moloi's Plumbing Owes suppliers for parts purchased on credit Vehicles owed by Moloi's Plumbing R 36 000 100 000 50 000 25 000 120 000 Water and electricity deposit 1 500 paid Rent deposit paid Accrued expenses 5 400 3 100 What is the net asset value (equity) of Moloi's Plumbing on 31 October 20.1? NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72)
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