Question
You are given the following information for Becker & Riaan Nursery for the month ended 28 February 20.2: Becker and Riaan Nursery owes Big Nursery
You are given the following information for Becker & Riaan Nursery for the month ended 28 February 20.2:
Becker and Riaan Nursery owes Big Nursery Suppliers an amount of R37 000. Due to tough economic conditions, Becker & Riaan Nursery had to resort to providing services on credit and their clients owe them R55 000. Becker & Riaan Nursery also owns equipment to the value of R25 000 and had an unfavourable bank account balance of R10 000. The owner also took cash to the value of R725 for his own use.
What is the capital amount of Becker & Riaan Nursery on 28 February 20.2?
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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