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 R35 000. Due to 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 20.2?

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