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Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
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Why is the abbreviation dr for debit in accounting instead of db?
simple, dr. stands 4 'debtor' simple, dr. stands 4 'debtor' The abbreviation dr. comes from the latin form of the word debit, which is debere.
Is a refund a debit or credit in accounting?
debit
What is the Dr.. in Accounting?
Dr in accounting is 'debit'.
What is a debit note IN accounting terms?
a debit note is an entry recorded to debit an account
Why is the abbreviation dr for debit instead of db?
dr refers to debit receipt
Why is the abbreviation dr for debit in accounting instead of db?
simple, dr. stands 4 'debtor' simple, dr. stands 4 'debtor' The abbreviation dr. comes from the latin form of the word debit, which is debere.
What is the abbreviation of Accounting?
The abbreviation for the word Accounting is ACCG, while at first I thought it may be ACC, ACC actually in accounting stands is the abbreviation of Account.
What is the abbreviation for the word academy?
The abbreviation for the word Accounting is Acct.
Is a refund a debit or credit in accounting?
debit
What is the Dr.. in Accounting?
Dr in accounting is 'debit'.
What is the abbreviation for accountant?
acctg.There are many forms of accounting used throughout the business world. The abbreviation for accounting that is often used is acct.
What is a debit note IN accounting terms?
a debit note is an entry recorded to debit an account
What are accounting rules called?
The accounting rules are called the 'golden rules of accounting' ie debit what comes in and credit wht goes out debit the receiver and credit the giver debit all expenses and loss and credit all incomes and gains.
Why is the abbreviation dr for debit instead of db?
dr refers to debit receipt
Is an investment a credit or a debit in accounting?
credit
How do you understand debit and credit in accountancy?
a credit is pay out, debit is pay in Debit and credit are part of the double-entry accounting system for adjusting different transactions in accounts. When creating a T account debit just means "left side" and credit means "right side." Debit comes from the Latin word debere, and credit comes from the Latin word credere.
Who invented debit and credit rules in accounting?
Luca Pacoli - Father of Modern Accounting
