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.
Because equity is on the right side of the equation, record an increase in a revenue account on the right side of the âTâ account. So to increase revenue we credit it. On the other hand, because expenses are decreases in equity, they are recorded on the left side of the âTâ. So to increase an expense we debit it.Debitâ simply means the left side of the âTâ account, and âcreditâ refers to the right side of the âTâ account. But remember: âDebitâ does not always refer to an increase in an account balance nor does âcreditâ always refer to a decrease, or vice versa.