Due From Account


Due From Account
An asset account in the general ledger that indicates the amount of deposits currently held at another company. The "due from" account is typically used in conjunction with a "due to" account to reconcile which accounts the money is due from and due to.


The general ledger is the centralized source that contains all the financial accounts for a company. It contains debit and credit accounts, including the due from account, which is a debit account. The due to account is also sometimes referred to as intercompany receivables in the chart of accounts.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Due from account —   An ISO term. See preferred term Nostro account …   International financial encyclopaedia

  • Due To Account — A liability account typically found inside the general ledger that indicates the amount of funds currently payable to another account. The due to is used in conjunction with a due from account to reconcile from which account the money will be… …   Investment dictionary

  • Due from bank —   An ISO term. See preferred term Account servicing bank …   International financial encyclopaedia

  • account receivable — account re·ceiv·able / ri sē və bəl/ n pl accounts receivable: a balance due from a debtor on a current account Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. account receivable …   Law dictionary

  • account receivable — pl. accounts receivable. a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services. [1935 40] * * * Any amount owed to a business as the result of a purchase of goods or services from it… …   Universalium

  • account receivable — noun (plural accounts receivable) : a balance due from a debtor on a current account * * * pl. accounts receivable. a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services. [1935 40] …   Useful english dictionary

  • account receivable — A debt, owed to an enterprise, that arises in the normal course of business dealings and is not supported by negotiable paper. For example, the charge accounts of a department store. But income due from investments (unless investments are the… …   Black's law dictionary

  • account receivable — A debt, owed to an enterprise, that arises in the normal course of business dealings and is not supported by negotiable paper. For example, the charge accounts of a department store. But income due from investments (unless investments are the… …   Black's law dictionary

  • account receivable — noun (plural accounts receivable) Date: 1936 a balance due from a debtor on a current account …   New Collegiate Dictionary

  • account payable — account pay·able / pā ə bəl/ n pl accounts payable: the balance due to a creditor on a current account Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. account payable …   Law dictionary