Due To Account

Dictionary Says

Definition of '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.










Investopedia Says

Investopedia explains 'Due To Account'


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.










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