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You are given the following information for Markle Beauty Salon for the month ended 31 August 20.1. Markle Beauty Salon owes Hairdressing Suppliers an amount
You are given the following information for Markle Beauty Salon for the month ended 31 August 20.1. Markle Beauty Salon owes Hairdressing Suppliers an amount of R60 000. Due to the tough economic conditions, Markle Beauty Salon had to resort to providing services on credit and their clients owe them R80 000. Markle Beauty Salon also owns equipment to the value of R10 000 and had a unfavourable bank account balance of R15 000. Markle Beauty Salon also had to pay an extra rental amount as the deposit for their rental of the salon of R4 000. What is the net worth (equity) of Markle Beauty Salon on 31 August 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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