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 ?
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.
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.
The money goes into a suspense account and not towards the employee's state pension.
The wages were paid into the bank on Monday but because the account was being closed, the money went into a suspense account until it could be worked out where it should go.
The operational failures were corrected by placing the excess contributions in a suspense account.
For example, many servicers wrongly believe that the placement of funds into a suspense account does not result in a legal conclusion that the funds have been accepted by the servicer.
The acquired securities are held in a suspense account under the ESOP's trust.
Pending the money's use, it is held in a suspense account which sits outside the main Assembly's budgets.
We are interested in transferring this funds that are presently floating and lying idle in a suspense account .
The amounts of the net NPLs are, however, determined by deducting from the actual amounts of the NPLs (a) the amounts of the provisions made against the NPLs by debit to the profit and loss account and (b) the amounts of the unrealized interest transferred to the suspense account.