DR stands for "Debit Received". (Likewise CR stands for Credit Received"). People of course think CR is a contraction of the word Credit (which it isn't, really) and so don't ask the question about CR. But DR doesn't really make sense until you know precisely what it stands for, ie "Debit Received". You record that you have received a debit from a particular source, therefore it's marked on the page as DR - conventionally on the left.
dr refers to debit receipt
DR is for Debit Record, and CR is for Credit Record.
Dr in accounting is 'debit'.
It stems from the word debtor which preceded the use of debit.
From another web site: Dr = Debit Record Cr = Credit Record
dr refers to debit receipt
DR is for Debit Record, and CR is for Credit Record.
Dr in accounting is 'debit'.
It stems from the word debtor which preceded the use of debit.
From another web site: Dr = Debit Record Cr = Credit Record
I would guess that dr and cr originally stood for debit record and credit record. No source on that though.
debit
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.
The DR code within HSBC stands for debit. DR withdrawn on a statement is a debit withdrawal that was made in the branch over the counter.
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
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.
It is short for the Latin 'debere' - 'to owe'. Debit and debt come from that word.