Suspense accounts and error correction¶
Association of Chartered Certified Accountants. Suspense accounts and error correction.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Disjointness and Exhaustiveness Review
- It comes up 14 short — fourteen transactions are in neither set because they hit a suspense account that belongs to no category, a coverage gap.
This sourceAssociation of Chartered Certified Accountants (n.d.). Explains suspense accounts as temporary holding locations for entries whose correct classification is not yet known.
- It comes up 14 short — fourteen transactions are in neither set because they hit a suspense account that belongs to no category, a coverage gap.
- Residual Bucket Governance Policy
- A suspense (or clearing) account in accounting is the mature form of the idea — an account explicitly meant to be temporary and cleared on a schedule, never a permanent parking lot.
This sourceACCA Global (n.d.). Defines a suspense account as a temporary holding device that is cleared when the underlying entries are correctly classified.
- A suspense (or clearing) account in accounting is the mature form of the idea — an account explicitly meant to be temporary and cleared on a schedule, never a permanent parking lot.
Verification¶
Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.
Does it back the claim? Not recorded. Neither this nor any other of the 2 citations of this work carries a recorded support check.
Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
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Registry ID ref:69659b9a8a13 · see in the full table