Due From Account

Dictionary Says

Definition of '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.




Investopedia Says

Investopedia explains 'Due From Account'


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.


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