suspense account
Definition
Temporary account (one not included in financial statements) created to record (1) disbursements or receipts associated with yet-unconcluded transactions until their conclusion, or (2) discrepancies between totals of other accounts until their rectification or correct classification.
Popular 'Accounting & Auditing' Terms
suspense account in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/suspense-account.html







