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Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.

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17y ago

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Why is the abbreviation dr for debit in accounting instead of db?

simple, dr. stands 4 'debtor' simple, dr. stands 4 'debtor' The abbreviation dr. comes from the latin form of the word debit, which is debere.


What is the abbreviation of Accounting?

The abbreviation for the word Accounting is ACCG, while at first I thought it may be ACC, ACC actually in accounting stands is the abbreviation of Account.


What is the abbreviation for the word academy?

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Is a refund a debit or credit in accounting?

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Dr in accounting is 'debit'.


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Why is the abbreviation dr for debit instead of db?

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Is an investment a credit or a debit in accounting?

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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.


Who invented debit and credit rules in accounting?

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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)