Suspense Account


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

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


Investment dictionary. . 2012.

Look at other dictionaries:

  • Suspense account — Suspense Sus*pense , n. [From F. suspens, a. See {Suspense}, a.] 1. The state of being suspended; specifically, a state of uncertainty and expectation, with anxiety or apprehension; indetermination; indecision; as, the suspense of a person… …   The Collaborative International Dictionary of English

  • Suspense account —   Suspense accounts are used by the bank when calculating the balance. If, during the closing of the balance, a particular posting cannot be posted on the correct account, it will be posted on this suspense account …   International financial encyclopaedia

  • suspense account — suspense′ account n. Bookkeeping. bus an account in which items are temporarily entered until their final disposition is determined …   From formal English to slang

  • suspense account — An account containing accounts receivable, monies owed to the Postal Service by others …   Glossary of postal terms

  • suspense account — n. Bookkeeping an account in which items are temporarily entered until their disposition can be determined …   English World dictionary

  • Suspense account — In accountancy, a suspense account is an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification.It can be a repository for monetary transactions (cash receipts,… …   Wikipedia

  • suspense account — An account used temporarily to record receipts and disbursements that have yet to be classified. Bloomberg Financial Dictionary * * * suspense account suspense account ➔ account1 * * * suspense account UK US noun [C] ► ACCOUNTING an account used… …   Financial and business terms

  • suspense account — A *general ledger account used to temporarily record transactions. By nature, a suspense account should be regularly cleared of its contents, as it is merely a resting place for items awaiting analysis or investigation. See also *transit account …   Auditor's dictionary

  • suspense account — laikinoji sąskaita statusas T sritis Gynyba apibrėžtis Sąskaita, atidaryta registruoti išmokoms arba įplaukoms, kurių dėl kokių nors priežasčių negalima įtraukti į tam tikrą biudžetą. atitikmenys: angl. suspense account šaltinis NATO mokymų ir… …   Lithuanian dictionary (lietuvių žodynas)

  • suspense account — noun an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification • Hypernyms: ↑account, ↑accounting, ↑account statement …   Useful english dictionary

  • suspense account — noun an account in which items are entered temporarily before allocation to the correct or final account …   English new terms dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.