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Why Dr stand for debit and cr for credit?
DR is for Debit Record, and CR is for Credit Record.
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
What does dr and cr stand for in accounting terms?
dr and cr are debits and credits, and are abbreviations from the original Latin words.
What is the full form of Dr. and Cr?
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
Why do you write Dr for debit and Cr for credit in accounts?
From another web site: Dr = Debit Record Cr = Credit Record
What does CR mean on 10K ring?
CR on a 10K ring indicates that the ring is made of 10 karat gold, which means it is 41.7% pure gold. The remaining 58.3% is made up of other metals such as copper, silver, or zinc to strengthen the gold.
What is the journal entry to record accrued interest?
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable
Rules of double-entry accounting?
The rules of the double entry state that " For every dr there must be a corresponding cr and for every cr there must be a corresponding dr "
What is the entry to book accrued dividend?
Accrued dividend A/c...............Dr Dividend account.....................Cr Cash Ac.......................Dr Accrued dividend A/c..........Cr
What is the journal entries for disposal of fixed asset?
cr asset account for cost price dr accumulated depreciation for asset depreciation cr asset sale account dr/cr profit/loss on asset account
Cash Discount on Sales indicate Dr or Cr in Balance sheet or P L?
Cr and PL
What are the 2 sides of accounting equation?
dr and cr
