What is the meaning of SUSPENSE ACCOUNT?

In accounting, is an account that is used on a temporary basis for receipts, disbursements, or discrepancies until such time as the analysis is complete and they can be properly classified.

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APABarry Goldsmith. (2010). suspense account. Retrieved September 27, 2026, from http://smartdefine.org/suspense_account/definitions/1164631
ChicagoBarry Goldsmith. 2010. "suspense account" http://smartdefine.org/suspense_account/definitions/1164631 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, suspense account, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/suspense_account/definitions/1164631>.
MLABarry Goldsmith. "suspense account" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/suspense_account/definitions/1164631>
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