Why is debit written as Dr and Credit written as Cr?
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This is a question which normally every person studying accountancy or is responsible for bookkeeping has but one does not get a satisfying answer to the same. Home Accounting Assets Liabilities Revenues Expenses BasicAccounting JournalEntries Differences OtherTopics BooksandAccounts Quiz Accounting–Quiz Interviews Finance Ratios FinanceTerms World FAQs Search Friday,September2,2022 Home Accounting Assets Liabilities Revenues Expenses BasicAccounting JournalEntries Differences OtherTopics BooksandAccounts Quiz Accounting–Quiz Interviews Finance Ratios FinanceTerms World FAQs Search Home Accounting Assets Liabilities Revenues Expenses BasicAccounting JournalEntries Differences OtherTopics BooksandAccounts Quiz Accounting–Quiz Interviews Finance Ratios FinanceTerms World FAQs Search HomeFrequentlyAskedQuestions(FAQ)byourUsersWhyisdebitwrittenasDrandCreditwrittenasCr? WhyisdebitwrittenasDrandCreditwrittenasCr? -Thisquestionwassubmittedbyauserandansweredbyavolunteerofourchoice. WhyisDebitwrittenasDr? TheysayDebitisdenotedby“Dr”butifyouseetheword“Debit” youwillrealisethatthereisno“R”initthenfromwhereisitderivedorwhatdoesitsignify? Thisisaquestionwhichnormallyeverypersonstudyingaccountancyorisresponsibleforbookkeepinghasbutonedoesnotgetasatisfyinganswertothesame.Thereisnoexactreasonastowhythisabbreviationisusedbutbasedontheresearchandrecordsavailablethreeanswersseemedlogical. Theseare; DrstemsfromthewordDebtor. DrreferstoDebitRecordbuttherearenotracesofthistheorybackinhistory. Somesaythatit’sderivedfromtheLatinword“debere”anditalsohasanrinthewordbutthereisnospecificrecordtoprovethistheoryaswell. Mypersonalopinionoutofalloftheaboveisthat1sttheoryissomewhatacceptable. WhyisCreditWrittenasCr? Intheword“Debit”, therewerenotracesoftheletter“R”butthat’snotthecaseforcreditandthewordcredithasaletter“R”.Butsincedebithasno“r”wecannotconsiderthistheoryacceptable.Astheseabbreviationsareusedinapairalsotheyarederivedinapair. Therearenospecificrecordstojustifythesamebutbasedonavailableinformationthebelow-mentionedstatementsseemslogical. Theseare; CrstemsfromthewordCreditor. CrreferstoCreditrecordsbuttherearenotracesofthistheorybackinhistory. Somesaythatit’sderivedfromtheLatinword“credere”anditseemsacceptableasboth“debere”and“credere”containstheletter“r”. ButthemostacceptedtheoryisthatCrstemsfromthewordCreditor. Conclusion Ibelievethereisnoperfectanswertothisquestionastherearenorecordsavailablereferringtowhichonecangiveanexactreason.Butaccordingtome,it’sanabbreviationderivedfromthewordsDebtorandCreditor. RelatedMaterialWhatisthejournalentryforpurchaseofmachinery?Isfeesearnedadebitorcredit?Liabilityisdebitedorcredited?Capitalisdebitorcredit?Isprepaidexpenseafictitiousasset?Whatisreceivedcashjournalentry?Isdebitbalancepositiveandcreditbalancenegative? 10FreeAccountingQuiz(withanswers) reportthisad RelatedTopicsIsdebitbalancepositiveandcreditbalancenegative?Areaccountsreceivableassetorrevenue?Ispurchasereturnadebitorcredit?Whatisreceivedcashjournalentry?Whatisthenormalbalanceofdividends?Whatisthemeaningofsetoffinaccounting?Isprepaidexpenseafictitiousasset?Issalesreturnadebitorcredit?Capitalisdebitorcredit?Howtodobaddebtsadjustmentinfinalaccounts? reportthisad Name*EmailAddress*Subscribe UsefulLinks legal More FacebookLinkedinInstagramTwitter [email protected] ©www.Accountingcapital.com2014-2022 x
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