For example, an invoice of $500 for printer paper will be analyzed to the general ledger stationery account.

Examples of Accounting for Suspense Accounts. An accountant uses a suspense account, a temporary account in the business chart of accounts, for recording all or part of a transaction that she ...

Suspense accounts are used by businesses, mortgage servicers, and brokerage firms to temporarily account for customers' money, pending further action.

A due to account is a liability account typically found inside the general ledger that indicates the amount of funds payable to another account.