单词 | suspense account |
释义 | suspense accountDefinition 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. Use 'suspense account' in a SentenceWe had a suspense account created and I informed everyone that it was only for a certain amount of time. You should try to keep a suspense account in place if there was a misunderstanding with another business and you may owe more. You may want to keep some money in a suspense account if you think you may need to come up with some quick cash soon. |
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