At the End of 2011, the following information is available for Topsanah’s Business 2010 £ 2011 £ Non current assets at valuation Inventory Cash at Bank Cash at Hand Receivables Payables Accruals (rent) Prepayments (rates) 55,000 182,000 16,750 1,120 290,200 123,400 1,200 3,450 50,000 182,500 51,150 2,500 287,340 128,475 1,450 2,300 Cash Movements during 2011 £ Cash receives from customers Cash paid for sundry expenses Cash paid to suppliers 23,340 17,250 22,230 Bank Movements During 2011 £ Received from customers Bank Loan Cash withdrawn from the bank Paid to suppliers Paid for rent Paid for rates Drawings Sundry Expenses 877,800 10,000 22,000 650,520 40,000 38,750 40,000 62,130 (1) Draw up a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 (2) Prepare Topsanah’s Income statement for the period ended 31 December 2011 (3) Prepare Topsanah’s Balance sheet as at 31 December 2011
At the End of 2011, the following information is available for Topsanah’s Business ?2010 £?2011 £??Non current assets at valuation Inventory Cash at Bank Cash at Hand Receivables Payables Accruals (rent) Prepayments (rates) ?55,000 182,000 16,750 1,120 290,200 123,400 1,200 3,450?50,000 182,500 51,150 2,500 287,340 128,475 1,450 2,300??Cash Movements during 2011 ?£??Cash receives from customers Cash paid for sundry expenses Cash paid to suppliers?23,340 17,250 22,230??Bank Movements During 2011 ?£??Received from customers Bank Loan Cash withdrawn from the bank Paid to suppliers Paid for rent Paid for rates Drawings Sundry Expenses?877,800 10,000 22,000 650,520 40,000 38,750 40,000 62,130??Draw up a pro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 Prepare Topsanah’s Income statement for the period ended 31 December 2011 Prepare Topsanah’s Balance sheet as at 31 December 2011
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