accounting vs suspense account
suspense account vs accountingaccounting and suspense account both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| accounting | Yes | No | No | No |
| suspense account | Yes | No | No | No |
As nouns,
suspense account is a hyponym of
accounting; that is, suspense account is a
word with a more specific, narrower meaning than
accounting:
- accounting: a statement of recent transactions and the resulting balance
- suspense account: an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
Other hyponyms of accounting include
capital account, capital account, profit and loss, profit and loss account, expense account, travel and entertainment account.
| accounting (noun) | suspense account (noun) |
|---|---|
| the occupation of maintaining and auditing records and preparing financial reports for a business | an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification |
| a system that provides quantitative information about finances | |
| a convincing explanation that reveals basic causes | |
| a statement of recent transactions and the resulting balance | |
| a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts |
Words related to "accounting"
- account
- account book
- account statement
- accountancy
- accounting entry
- accounting system
- accrual basis
- audit
- audited account
- balance
- balance of international payments
- balance of payments
- book
- book of account
- bookkeeping
- business
- capital account
- carry forward
- carry over
- cash basis
- clerking
- control account
- cost accounting
- credit side
- current account
- debit
- debit side
- declining balance method
- declining balance method of depreciation
- entry
- expense account
- explanation
- financial statement
- good will
- goodwill
- internal control
- inventory
- inventory accounting
- job
- ledger
- ledger entry
- leger
- limited review
- line
- line of work
- method of accounting
- occupation
- pooling of interest
- profit and loss
- profit and loss account
- register
- review
- statement
- straight-line method
- straight-line method of depreciation
- suspense account
- system
- system of rules
- travel and entertainment account
- unbalanced
- unearned income
- unearned revenue
- write-down
- write-off
Words related to "suspense account"
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