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QUESTION ONE [25] 1.1 N Sibiya is the sole owner of Sibiya's General Dealers. At 31 March 2021 the entity had the following assets and
QUESTION ONE [25] 1.1 N Sibiya is the sole owner of Sibiya's General Dealers. At 31 March 2021 the entity had the following assets and liabilities: (show all workings): R 36 000 Equipment..... Inventory.. Bank (favourable)........ 108 000 18 000 Trade receivables control.... 84 000 Accrued expenses......... 12 000 Trade payables control...... 72 000 Required: Caloulate the Net Asset Value of Sibiya's General Dealers at 31 March 2021 29
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