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Usage of Suspense Account

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Question

Give one word or term or phrase which can substitute each of the following statement.
A statement prepared to reconcile the balances show by Cash Book and Pass Book.

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Solution

Bank reconciliation statement. It is a statement which reconciles the balances as per cash book (bank column) and pass book (bank statement) by identifying the causes of differences between the two.

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Q. Give one word or term or phrase which can substitute each of the following statement.
Statement showing the causes of disagreement between the balance of Cash Book and Pass book.

Q. Give one word or term or phrase which can substitute each of the following statement.
A statement which is prepared so as to agree the bank balance as shown by the pass book with the bank balance as shown by the bank column of the cash book.

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Debit balance of Pass Book.

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The statement showing list of all ledger balances.

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A statement of accounts prepared from the balances of ledger accounts.

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