释义 |
suspense account
suspense accountn. 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. ThesaurusNoun | 1. | 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" | Translationssuspense account
Suspense accountAn account used temporarily to record receipts and disbursements that have yet to be classified.Suspense Account1. 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 accountIn 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
Words related to suspense accountnoun an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classificationRelated Words- account statement
- accounting
- account
|