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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Cash withdrawn from the bank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
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.
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