suspense account

American  

noun

Bookkeeping.

1. an account in which items are temporarily entered until their final disposition is determined.

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suspense account British  

noun

1. accounting an account in which entries are made until determination of their proper disposition

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Etymology

Origin of suspense account

First recorded in 1875–80

Example Sentences

Instead, the loss would go into a suspense account and be usable only when the investor sells out or has taxable income from other passive sources.

From Forbes • Jan. 26, 2011

Plant and equipment constitute another "suspense" account even harder to charge up logically to tonnage costs, for it is in many items dependent upon the life of the mine, which is an unknown factor.

From Principles of Mining Valuation, Organization and Administration by Hoover, Herbert

It will be noticed that the effect of this system is to throw the general expenses into the revenue expenditures, and as little as possible into the "suspense" account.

From Principles of Mining Valuation, Organization and Administration by Hoover, Herbert