Draw up a pro-forma combined cash and bank account

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Reference no: EM13496542

At the end of 2011, the following information is availabk Igse Topsanah's business.

 


2010

2011

 

 

£

Non-current assets at valuation

55,000

50,000

Inventory

182,000

182,500

Cash at bank

16,750

51,150

Cash in hand

1,120

2,500

Receivables

290,200

287,340

Payables

123,400

128,475

Accruals (rent)

1,200

1,450

Prepayments (rates)

3,450

2,300

Cash movements during 2011

 

£

Cash received from customers

23,340

Cash paid for sundry expenses

17,250

Cash paid to suppliers

22,230

Bank movements during 2011

Received from customers

877,800

Bank loan

10,000

Cash withdrawn from the bank

22,000

Paid to suppliers

650,520

Paid for rent

40,000

Paid for rates

38,750

Drawings

40,000

Sundry expenses

62,130

Draw up a pro-forma combined cash and bank account, receivables and payables control accounts and all other T-accounts as required for Topsanah for the year ended 31 december 2011.

Reference no: EM13496542

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