0
The term "credit" originates from the Latin word "credere," meaning "to believe" or "to trust." It reflects the trust a lender places in a borrower to repay funds borrowed. The abbreviation "cr" used in accounting may stand for "credit," representing increases on the right side of an account.
Add your answer:
Earn +20 pts
What does cr on my bank statement mean?
"CR" on your bank statement typically stands for "credit." This means that a credit transaction, such as a refund or deposit, has been made to your account.
What is cr on a hsbc statement?
"CR" on an HSBC statement typically stands for "credit," indicating that a certain amount has been added to your account as a credit or positive balance. This shows money that has been received or deposited into your account.
What does Cr mean at a ATM machine?
Cr stands for "Credit" It refers to a transaction in which money was credited or deposited into a bank account thereby increasing the bank balance of that account. Similarly the debit or withdrawal transactions are marked a "Dr" in the ATM machine statement
When waiter at a restaurant steals credit card number to make fraudulent purchases this is called?
Credit card fraud.
How long does it take for an eviction to appear on your credit report?
An eviction can appear on your credit report as soon as it is reported to the credit bureaus by the landlord or property management company. This can typically happen within 30-60 days of the eviction process being completed. Once it is on your credit report, it can remain there for up to seven years.
Why Dr stand for debit and cr for credit?
DR is for Debit Record, and CR is for Credit Record.
Was the abbreviation for credit?
"Cr" was the abbreviation for Credit
WHAT DOSE CR MEAN ON A BANK STATEMENT?
CR= Credit.
Why do you write Dr for debit and Cr for credit in accounts?
From another web site: Dr = Debit Record Cr = Credit Record
Why is the abbreviation for credit cr?
pgdicoavi!!!!!!!!!! later
What does the abbreviation cr mean in accounting?
CRedit
What does CR mean on a bank account?
credit
What is the full form of Dr. and Cr?
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
Where can you get a list of examples of interest rates based on credit scores?
CR=400 IR=35% CR=500 IR=25% CR=600 IR=15% CR=700 IR=10%> CR=800 IR= you loan the money
Does voluntary repossession hurt your credit?
YES, on a CR, a repo is a repo.
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 CR mean on a bank statement?
CR means a credit has been applied to your account (ie, money returned to you). Credits are expenses for the banks, so they are tallied as expenses on their financial documents.
