'Suspense account' definitions:
Definition of 'suspense account'
From: WordNet
noun
An account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
Definition of 'Suspense account'
From: GCIDE
- Suspense \Sus*pense"\, n. [From F. suspens, a. See Suspense, a.]
- 1. The state of being suspended; specifically, a state of uncertainty and expectation, with anxiety or apprehension; indetermination; indecision; as, the suspense of a person waiting for the verdict of a jury. [1913 Webster]
- Ten days the prophet in suspense remained. --Denham. [1913 Webster]
- Upon the ticklish balance of suspense. --Cowper. [1913 Webster]
- 2. Cessation for a time; stop; pause. [1913 Webster]
- A cool suspense from pleasure and from pain. --Pope. [1913 Webster]
- 3. [Cf. F. suspense.] (Law) A temporary cessation of one's right; suspension, as when the rent or other profits of land cease by unity of possession of land and rent. [1913 Webster]
- Suspense account (Bookkeeping), an account in which receipts or disbursements are temporarily entered until their proper position in the books is determined. [1913 Webster]