suspense account definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
Bookkeeping an account in which items are temporarily entered until their disposition can be determined
suspense account definition by American Heritage Dictionary
nounThe American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A temporary account in which entries of credits or charges are made until their proper disposition can be determined.
suspense account - Business Definition
In accounting, a temporary account used for recording expenditures and income items until they can be reviewed, identified, and appropriately allocated.