able / pā ə bəl/ n pl accounts payable: the balance due to a creditor on a current account Merriam Webster’s Dictionary of Law.The 'due to' is used in conjunction with a. For example, there may no longer be a production department, due to outsourcing, so all production expense accounts are no longer relevant. But income due from investments (unless investments are the… … Black's law dictionaryĪccount receivable - noun (plural accounts receivable) Date: 1936 a balance due from a debtor on a current account … New Collegiate DictionaryĪccount payable - account pay Due To Account: A liability account typically found inside the general ledger that indicates the amount of funds currently payable to another account. For example, the charge accounts of a department store. … Useful english dictionaryĪccount receivable - A debt, owed to an enterprise, that arises in the normal course of business dealings and is not supported by negotiable paper. a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services. Due from Ceding Companies - Treaty - This represents balances due to the association as a result of treaty acceptances from ceding companies. * * * Any amount owed to a business as the result of a purchase of goods or services from it… … UniversaliumĪccount receivable - noun (plural accounts receivable) : a balance due from a debtor on a current account * * * pl. DUE FROM CEDING COMPANIES This shall comprise of the following sub-accounts: 9.1. account receivable … Law dictionaryĪccount receivable - pl. 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.See preferred term Account servicing bank … International financial encyclopaediaĪccount receivable - account re 1310020 Due from Employees Other Current Asset 6020020 Legal & Accounting Expense 1310030 Note Receivable - Officers Other Current Asset 6020030 License & Permits. The due to account is also sometimes referred to as intercompany receivables in the chart of accounts. It contains debit and credit accounts, including the due from account, which is a debit account. The due to is used in conjunction with a due from account to reconcile from which account the money will be… … Investment dictionaryĭue from bank - An ISO term. The general ledger is the centralized source that contains all the financial accounts for a company. See preferred term Nostro account … International financial encyclopaediaĭue To Account - A liability account typically found inside the general ledger that indicates the amount of funds currently payable to another account.
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