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A suspense account is an account used temporarily to carry doubtful entries and discrepancies pending their analysis and permanent classification.
It can be a repository for monetary transactions (cash receipts, cash disbursements and journal entries) entered with invalid account numbers. The account specified may not exist, or it may be deleted/frozen. If one of these conditions applies, the transaction should be directed to a suspense account.
In branchless banking (BB) - banking through mobile for the unbanked - these accounts are used for 'money-in-transit'. For example, sender sends payment from US ACH account to a BB mobile number in Japan. The customer receives an alert on their mobile to withdraw this money from a BB agent. Until they withdraw, the remittance stays in a suspense account, earning the financial institute or the BB enabler float/interest on that money. When customer withdrawal is completed, the money moves from the suspense account to the account of the agent who facilitated the cash withdrawal.
A suspense account is an account in the general ledger in which amounts are temporarily recorded. A suspense account is used when the proper account cannot be determined at the time the transaction is recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account. It can also be used when there is a difference between the debit and credit side of a closing or trial balance, as a holding area until the reason for error is located and corrected.
Suspense accounts should be cleared at some point, because they are for temporary use. Suspense accounts are a control risk.
A suspenseaccount is an account used temporarily to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can...
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accepted accounting principles, called Plan Comptable Général (PCG) is defined by the regulation n°2014-03 written by the Authority of Accounting Rules (Autorité...
through the decades, with funds that have passed through its own suspenseaccounts. Had its own staff more diligently investigated in order to establish...
given credit from Attorney General Eliot Spitzer for bringing the "suspenseaccount case" which resulted in the payment of $55 million in back-due royalties...
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Round Britain Quiz. As a novelist, she specialised in the mystery and suspense genres; her 22 novels were published from 1971 to 2016. Mann lived near...
ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by account type. In computerized accounting systems...
1934 arts journalist Flora, Write This Down Jeremy Bates 1978 novelist (suspense/horror) Suicide Forest Eli Baxter memoirist Aki-wayn-zih: A Person as Worthy...
years ago, I decided to write about them, but write a novel." "State of suspense". Metro Times. 2004. Retrieved January 6, 2014. The Tarnished Eye at Judith...
Sblendorio, Peter (February 22, 2022). "'No Exit' star David Rysdahl on his new suspense movie and how NYC launched his show biz career". New York Daily News. Archived...
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2017. Already translated into 37 languages, The Book of Mirrors is the perfect novel for fans of psychological suspense and reading group fiction. v t e...
on television in Goodbye, Mr Kent (1982), Hammer House of Mystery and Suspense (1984), My Family and Other Animals (1987), Taggart (1993) and Jonathan...
Bringing the news of the victory in Marathon, he found the archons seated, in suspense regarding the issue of the battle. "Joy, we win!" he said, and died upon...
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study and crime thriller, with zero psychological grounding and even less suspense". Christian Zilko of IndieWire called the film "a competent but emotionally...