suspense account


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suspense account

n.
A temporary account in which entries of credits or charges are made until their proper disposition can be determined.

suspense account

n
(Accounting & Book-keeping) accounting an account in which entries are made until determination of their proper disposition

suspense′ account`



n. Bookkeeping.
an account in which items are temporarily entered until their final disposition is determined.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.suspense account - an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
account statement, accounting, account - a statement of recent transactions and the resulting balance; "they send me an accounting every month"
Translations

suspense account

nInterimskonto nt

suspense account

n (in ledger) → voce f in sospeso (Comm) → conto in sospeso
References in periodicals archive ?
Ouko also says that in the last financial year, some suspicious Sh105 million was spent from the General Suspense Account without approval as required by law.
There was also a lack of proper documentation of Sh105 million charged to an account, leading auditors to suspect that the charges to the General Suspense Account were not lawful.
If a suspense account is used, then they must ensure that all forfeitures for a plan yar are promptly used according to the plan's terms.
The NCUA audit found unauthorized disbursements from member share accounts, out-of-balance conditions on bank reconciliations and the suspense account, as well as questionable deposits and withdrawals on the manager's personal and related family member accounts, according to Clark.
Some service providers credit revenue sharing in excess of contractually stated fees to a suspense account or a bookkeeping account.
Both scored highly on technical aspects such as the processing of sales invoices, dealing with the bank account and the suspense account and in the balancing and closing off of the accounts.
45 billion to the NBP, Khadim Hussain, Corporate Head of the NBP, Faisalabad, has also incurred a loss half a million to the Bank through income tax, security charges, generator fuel and suspense account leakages.
Money in such accounts is usually transferred to a suspense account.
The money goes into a suspense account and not towards the employee's state pension.
1,731 crore surplus in the interest suspense account.
Whether insurance companies should be permitted to deposit customer funds in a suspense account prior to the completion of principal review.