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SUSPENSE ACCOUNT Definition

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SUSPENSE ACCOUNT, in accounting, is an account that is used on a temporary basis for receipts, disbursements, or discrepancies until such time as the analysis is complete and they can be properly classified.

 

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POSTULATE, in logic, is a proposition that is accepted as true in order to provide a basis for logical reasoning.

FORM 1065 (Schedule K-1) is the domestic partnership income tax return form used in the U.S.


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