A due to account is a liability account typically found inside the general ledger that indicates the amount of funds payable to another account.

Suspense accounts are used by businesses, mortgage servicers, and brokerage firms to temporarily account for customers' money, pending further action.

For example, let's say a business pays cash to buy new inventory from its suppliers. The bookkeeper credits (adds) the inventory account on the general ledger for the cost of that new inventory ...