$BTC Let's go step by step.
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(1) Bank Reconciliation Statement of Harsh & Co.
As on May 30, 2024
Part A: Start with Balance as per Cash Book
Rs. 15,000
Add:
Un-presented cheque (cheque issued but not yet presented): Rs. 5,000
Direct deposit by customer: Rs. 3,000
Subtotal Additions: Rs. 8,000
Less:
Un-cleared cheque (cheque deposited but not yet cleared): Rs. 35,000
Direct payment by bank (bills payable): Rs. 8,000
Error in cheque recording (Issued Rs. 16,000, but only Rs. 11,000 recorded): Rs. 5,000
Subtotal Deductions: Rs. 48,000
Adjusted Bank Statement Balance:
= Rs. 15,000 + Rs. 8,000 − Rs. 48,000
= Rs. (25,000) (overdraft)
This agrees with the overdraft shown in the bank statement.
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Bank Reconciliation Statement Summary
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Would you also like the income statement for the year ended June 30, 2024? If so, please share the revenue and expense details.