Friday, 15 January 2016

Dr for Debit, Cr for Credit, but why?

There are a few different theories as to why debits are abbreviated "DR" and credits abbreviated "CR". One theory asserts that the DR and CR come from the Latin past participles of debitum and creditum which are "debere" and "credere", respectively.

(source: www.investopedia.com/ask/answers/04/072304.asp)