Asked in Business Accounting and Bookkeeping
Why debit is written as dr?
August 20, 2009 1:43PM
because once an accountant charge a huge fees from a doctor and for that case our profession was punished as the accountant was the head of accounting board. the punishment was that "all accountant have to respect doctors, as they are treated as god," which led to the invention of dr that stands for debit in accounts n by using that we would also able to respect doctors.
by FCA Rahul Mittal