Description
MRL3701 Assignment 1 Semester 1 Memo | Due 2 March 2026. All questions fully answered. Palesa and her best friend Mpho started a new restaurant business in 2023. Despite their impressive culinary skills, the restaurant was not a success. Palesa lost a lot of money which she had invested in the restaurant, leaving her in a dire financial situation. By 1 October 2025, Palesa’s liabilities exceeded her assets by R1,8 million. Palesa presently owes a total of R2,4 million to various creditors. Her creditors include Lethabo to whom she owes R1,1 million.
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