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Cash withdrawn from the bank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.