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The word "credit" is part of the equation of double-entry bookkeeping. In order for bookkeeping entries to balance, there must always be a debit (left side, abbreviated by "dr") and credit (right side, abbreviated by "cr") entry that equal one another. For example, to record a Office Supply Store purchase (on account ~ a payable), the entry would be: Office Supplies Exp $500.00(dr) Accounts Payable $500.00(cr) If an entry does not balance the totals for debits and credits, your books will be out of balance.
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What is the abbreviation for the word Debit in accounting?
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
What is the antonym of accounting?
There is no antonym for the word accounting. The only thing that can be opposite of this word is "not accounting."
How do you understand debit and credit in accountancy?
a credit is pay out, debit is pay in Debit and credit are part of the double-entry accounting system for adjusting different transactions in accounts. When creating a T account debit just means "left side" and credit means "right side." Debit comes from the Latin word debere, and credit comes from the Latin word credere.
What is a sentence using the word accounting?
They are going to give her an accounting
What does a credit card tart mean?
don't take my word for this, but I think it means someone who steals credit card #'s
What is the abbreviation for the word Debit in accounting?
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
What does the word TERMS mean to a Voucher Examiner?
What does the word TERMS means for a voucher examiner
What is the Latin word for accounting?
The Latin word for accounting is the word censea. The Spanish word for accounting is contabilidad and in Italian it is contabilita.
What is the accounts principle?
principle is the word which means universally accepted terms that are applicable to all concepts of a particular theory. the principle of accounting states that the these rules of accounting principle helps us to rely on accounting and maintain a uniformity to the records
What is the principle of accountancy?
principle is the word which means universally accepted terms that are applicable to all concepts of a particular theory. the principle of accounting states that the these rules of accounting principle helps us to rely on accounting and maintain a uniformity to the records
What does the word thrice mean in mathematical terms?
it mean triple
What is the antonym of accounting?
There is no antonym for the word accounting. The only thing that can be opposite of this word is "not accounting."
How do you understand debit and credit in accountancy?
a credit is pay out, debit is pay in Debit and credit are part of the double-entry accounting system for adjusting different transactions in accounts. When creating a T account debit just means "left side" and credit means "right side." Debit comes from the Latin word debere, and credit comes from the Latin word credere.
What does the word mountain mean in terms of rivers?
flood
What does the word cardiac mean in muscle terms?
Heart
What does the word prefix mean in a tax credit questionairre?
11717
What does power mean in math terms?
The word power is another word for exponents
