The following is a copy of the summary cash book of Tommy Hox Limited for 2021. Required:

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The following is a copy of the summary cash book of Tommy Hox Limited for 2021.

Required:
(a) Prepare a statement of cash flows for Tommy Hox Limited for the year ended 31 January 2021, including the reconciliation between opening and closing bank balance.
(b) Outline what it tells the managers of Tommy Hox Limited.

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Accounting For Non Accounting Students

ISBN: 9781292286938

10th Edition

Authors: John Dyson, Ellie Franklin

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Question Posted: Dec 16, 2022 10:01 AM

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The following is a copy of the summary cash book of Tommy Hox Limited for 2021. Required:

Question:

Balance b/d 1/1/21 Capital Sale of inventory Loan Land sale proceeds Interest Income Tommy Hox Limited Summary cash book £ 88 80 880 800 808 8 2,664 Dividend Loan Factory Interest Rent and Utilities Taxation Purchase of inventory Balance c/d £ 10 444 400 3 24 6 666 1,111 2,664

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To prepare the statement of cash flows for Tommy Hox Limited we need to classify the transactions into the following categories Operating activities T...View the full answer

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