suspense account In accounting, a temporary “parking place”for entries one does not know how to classify. Example:An apartment project receives a cash rent payment left in its mailbox. There is no indication of the name of the tenant, so the manager cannot post the payment to any particul...
When it comes to your transactions, automatic bank reconciliation can help you match your payments in an instant. Unmatched amounts are clearly indicated, meaning you can go back and match them easily once you know where they belong. The suspense account is built-it, effectively allowing you ...
Explore suspense accounts in business. See what a suspense account is and understand its different types. Discover various examples of suspense...
Suspense Amount has the meaning given to it in Clause 11-14(2)(b) below. Sample 1Sample 2 Based on 2 documents SaveCopy Suspense Amount means the amounts which have been received on any Dedicated Collection Account with respect to Purchased Receivables, but which have not yet been reconciled...
Clearly around 1500 this was all done by horse using people as the messengers. Riders would ‘post’ on their route, meaning to drop off the messages. The word postmark was also probably fashioned on the French wordposte, around the 1500’s which literally does translate to ‘post’ in ...