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 coming, and to which is will be going.








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









Investment dictionary. . 2012.

Look at other dictionaries:

  • 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… …   Investment dictionary

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

  • Due to account —   An ISO term. See preferred term Loro accounts …   International financial encyclopaedia

  • account — I (New American Roget s College Thesaurus) v. i. report, relate, narrate. See description. v. t. attribute. See cause. n. report, recital, narrative, description, story, tale, history, chronicle, statement; accounting. on account on account of II …   English dictionary for students

  • account stated — account stat·ed / stā təd/ n pl accounts stated: an account presented by a creditor to his or her debtor which by implied or express acceptance has been agreed upon by both parties as correct Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law 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

  • Due North Communications — Industry Advertising Founded 1993 Headquarters Toronto, Canada Key people Mark Weisbarth, Chief Executive Officer Website …   Wikipedia

  • Due process — is the legal code that the state must venerate all of the legal rights that are owed to a person under the principle. Due process balances the power of the state law of the land and thus protects individual persons from it. When a government… …   Wikipedia

  • 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

  • due to — 1. The use of due to is one of the key topics of discussion in debates about correct usage, along with infer/imply and the split infinitive. As an adjective meaning ‘owing, payable, attributable, (of an event etc.) intended to happen or arrive’… …   Modern English usage

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.