Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
DR is for Debit Record, and CR is for Credit Record.
From another web site: Dr = Debit Record Cr = Credit Record
I would guess that dr and cr originally stood for debit record and credit record. No source on that though.
The journal entry to record the adjustment to the AFDA is as follows: Debit Bad Debt Expense Credit AFDA To record a write-off: Debit AFDA Credit Trade A/R To record a recovery of a previously written-off transaction: Debit Trade A/R Credit AFDA Debit Cash Credit Trade A/R
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
DR is for Debit Record, and CR is for Credit Record.
From another web site: Dr = Debit Record Cr = Credit Record
I would guess that dr and cr originally stood for debit record and credit record. No source on that though.
The Telugu meaning of "Debit" is "డెబిట్" (debith). It refers to an entry on the left side of an account representing an increase in assets or a decrease in liabilities.
The journal entry to record the adjustment to the AFDA is as follows: Debit Bad Debt Expense Credit AFDA To record a write-off: Debit AFDA Credit Trade A/R To record a recovery of a previously written-off transaction: Debit Trade A/R Credit AFDA Debit Cash Credit Trade A/R
debit equipment accountcredit donation
[Debit] Cash [Credit] Donation
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
debit accounts receivable and debit service revenue
(debit) interest income (credit) (debit) interest income (credit)
[Debit] Purchases [Credit] Cash / bank / accounts payable