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suspense account

 
Dictionary: suspense account

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


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Investment Dictionary: Suspense Account
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An account that is used to store short-term funds or securities until a permanent decision is made about their allocation.

Investopedia Says:
These accounts are required in instances when the decision process is lengthy.


Accounting Dictionary: Suspense Account
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Temporary account (i.e., not included in the financial statements) for recording part of a transaction, such as those involving receipts or disbursements, prior to final analysis or identification of that transaction.

 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more