Bradly Carstens is the owner Carsten & Sons Plumbing. On 30 October 20.2 you are...
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Accounting
Bradly Carstens is the owner Carsten & Sons Plumbing. On 30 October 20.2 you are given the following information for Carsten & Sons Plumbing.
|
| R |
| Clients owing for plumbing services rendered on credit | 63 000 |
| Equipment owned by Carsten & Sons Plumbing | 80 000 |
| Favourable bank balance | 50 000 |
| Carsten and Sons Plumbing owes suppliers for parts purchased on credit | 35 000 |
| Vehicles owned by Carsten and Sons Plumbing | 210 000 |
What is the net asset value (equity) of Carsten and Sons Plumbing on 30 October 20.2?
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