Examples of Suspense Accounts in a sentence
Such transactions shall be accounted for by the treasuries in the State Section of Treasury accounts under the head "PAO Suspense - Transactions adjustable by PAO Ministry/ Department of ' below themajor head '8658 - Suspense Accounts' for necessary cash settlement by the State Accountant General with the concerned Pay and Accounts Office.
See also “equity method of accounting.” Suspense Accounts: Suspense accounts are temporary holding accounts in which items are carried until they can be identified and their disposition to the proper account can be made.
PDEx shall make available a Suspense Report providing details of all credits to Suspense Accounts.
The law authorizing the School and University Minerals Lease Suspense Accounts was repealed on July 1, 2003, and all revenue in the suspense accounts was transferred to the permanent funds.Table 8.
Distribution of revenue from state iron ore and taconite leases to the School and University Minerals Suspense Accounts, FY 2002-2003. (*) In FY2002 and FY2003,100% was initially deposited in interest-bearing School Minerals Lease and University Trust Minerals Lease Suspense Accounts.