The origins of these terms can be traced back to 1494 when the Italian Friar Luca-Pacioli first recorded the double-entry bookkeeping system. It was he that first described the use of the Latin terms 'Credre' and 'Debere' . In the 1500s, English translators used these Latin terms to create the terms 'Debit and Credit'. The Latin terms obviously helped create the bookkeeping abbreviations (Dr.) and (Cr.) as well. This is because there is no 'r' in the English word Debit but there is one in the Latin term 'Debere'. (copied from a website)
DR is for Debit Record, and CR is for 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 and cr are debits and credits, and are abbreviations from the original Latin words.
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
From another web site: Dr = Debit Record Cr = Credit Record
DR is for Debit Record, and CR is for 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 and cr are debits and credits, and are abbreviations from the original Latin words.
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
From another web site: Dr = Debit Record Cr = Credit Record
Accrued dividend A/c...............Dr Dividend account.....................Cr Cash Ac.......................Dr Accrued dividend A/c..........Cr
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable
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 "
cr asset account for cost price dr accumulated depreciation for asset depreciation cr asset sale account dr/cr profit/loss on asset account
Cr and PL
dr and cr
Dr. Interest Receivable Cr. Interest Income When Collected. Dr. Cash in Bank Cr. Interest Receivable