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suspense account
(redirected from suspense accounts)

    Also found in: Financial, Wikipedia 0.01 sec.
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
(Economics, Accounting & Finance / Accounting & Book-keeping) Book-keeping an account in which entries are made until determination of their proper disposition
ThesaurusLegend:  Synonyms Related Words Antonyms
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
n → Interimskonto nt
suspense account n (in ledger) → voce f in sospeso (Comm) → conto in sospeso
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Where * Extract journal entries made to suspense accounts and summarize by the person entering and corresponding account numbers.
A risk-based approach to journal entry testing: how software can help ... by Gilbert, Scott / Journal of Accountancy
GAO-05-521 June 2, 2005 Over the years, the Department of Defense (DOD) has recorded billions of dollars of disbursements and collections in suspense accounts because the proper appropriation accounts could not be identified and charged.
DOD Problem Disbursements: Long-standing Accounting Weaknesses Result ... by General Accounting Office Reports & Testimony
I'm tempted to reply, "Unfortunately, I don't deal in suspense accounts.
E-Scam: how I turned down $21,725,000 by Nungak, Zebedee / Wind Speaker
 
 
 
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