Sewing is the craft of fastening or attaching objects using stitches made with a needle and thread. Sewing is one of the oldest of the textile arts, arising in the Paleolithic era.
What is a 'Due From Account'. A due from account is 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.
Assets are on the left side of the accounting equation. Asset account balances should be on the left side of the accounts. In the accounting equation you can see that assets are on the left side of the equation: Earlier you learned that debit means left side. Recall our T-account that showed debits on the left side: Hence, asset accounts such as Cash, Accounts Receivable, Inventory, and Equipment should have debit balances.