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.
Improperly recording costs into an asset account is often a major misstatement in accounting information. Companies often attempt to capitalize as many costs as possible into a projectâs asset account. This can increase net income, making a company look healthier in financial terms.