The term debit comes from the Latin debitum which means "that which is owing". Debit is abbreviated to Dr (for debtor). The term credit comes from the Latin credere/credit meaning "to trust or believe"/"he trusts or believes" via the French credit and the Italian credito. Credit is abbreviated to Cr (for creditor).
DR is for Debit Record, and CR is for Credit Record.
From another web site: Dr = Debit Record Cr = Credit Record
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
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)
DR is for Debit Record, and CR is for Credit Record.
From another web site: Dr = Debit Record Cr = Credit Record
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
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)
I would guess that dr and cr originally stood for debit record and credit record. No source on that though.
DR Operational Expenses CR Accounts Payable
DR Operational Expenses CR Accounts Payable
DR stands for "Debit Received". (Likewise CR stands for Credit Received"). People of course think CR is a contraction of the word Credit (which it isn't, really) and so don't ask the question about CR. But DR doesn't really make sense until you know precisely what it stands for, ie "Debit Received". You record that you have received a debit from a particular source, therefore it's marked on the page as DR - conventionally on the left.
"Depreciation Expense" is a Debit entry and the counter entry is "accumulated depreciation" on an asset which is a credit entry. Depreciation - DR. Amount X Acc. Depreciation - CR. Amount X
You write a cash withdrawal as follows: debit cash ; credit bank.
simpleParty A/c Dr. (inclusive of vat)sale A/c Cr. (exclusive of vat)Vat output Cr.