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Definition of Suspense account
1. Noun. An account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification.
Suspense Account Pictures
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Lexicographical Neighbors of Suspense Account
Literary usage of Suspense account
Below you will find example usage of this term as found in modern and/or classical literature:
1. Accounting Theory and Practice by Roy Bernard Kester (1918)
"The Reserve for Depreciation may be looked upon as a suspense account. ...
Reserve for Doubtful Accounts as a suspense account In like manner the Reserve ..."
2. Transactions of the American Institute of Mining, Metallurgical and (1915)
"This is a suspense account. Its money was apportioned to all concrete costs on
the basis of board-feet of lumber used on each job. Account 8949—Cement. ..."
3. Trial of the City of Glasgow Bank Directors by William Wallace (1905)
"I don't know whether he would know better than I would do. You gave some evidence
with regard to the " suspense account." The suspense account ..."
4. Biennial Report by California Dept. of Industrial Relations. Division of Labor Statistics and Law Enforcement, California Bureau of Labor Statistics (1890)
"There is one thing in regard to suspense account I would speak of—money that might be
... On one of my bi>,.ks I have one or two cases in suspense account. ..."
5. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"In such a case the suspense account is the correct place to post the receipt to
pending ... A suspense account should never be used for any other purpose. ..."
6. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"In such a case the suspense account is the correct place to post the receipt to
pending ... A suspense account should never be used for any other purpose. ..."
Other Resources Relating to: Suspense account
