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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INFERENCE CONTROL is a control used in the output of databases to stop a person who has access to only summary information from being able to determine (infer) a particular value for a particular record.

IRS is Internal Revenue Service; also see INTEREST RATE SWAP.

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