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单词 suspense account
释义

suspense account


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.
Thesaurus
Noun1.suspense account - an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classificationaccount statement, accounting, account - a statement of recent transactions and the resulting balance; "they send me an accounting every month"
Translations

suspense account


Suspense account

An account used temporarily to record receipts and disbursements that have yet to be classified.

Suspense Account

1. A brokerage or some other account in which an investor deposits securities or cash while he/she decides how to invest it. A suspense account is, by definition, low-risk, as the investor has no intention of losing the deposit while making appropriate investment decisions.

2. An account in which a company deposits and withdraws funds for transactions that have not yet been completed. A suspense account exists in order to keep ongoing transactions off of a balance sheet.

suspense account

In accounting, a temporary “parking place”for entries one does not know how to classify.

Example: An apartment project receives a cash rent payment left in its mailbox. There is no indication of the name of the tenant, so the manager cannot post the payment to any particular account. Because of the software accounting system, however, the manager cannot create a deposit slip for the payment unless there is a tenant account. To solve the problem, the manager posts the payment to the suspense account, where it will stay temporarily until someone can find out the tenant's name.

suspense account


  • noun

Words related to suspense account

noun an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification

Related Words

  • account statement
  • accounting
  • account
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更新时间:2024/11/11 23:11:11