Abbreviation for Debit and Credit
The abbreviation for debit is dr. and the abbreviation for credit is cr.
Apparently the "dr." is associated with the term used in Italy more than 500 years ago, rather than the word "debit" which we use today.
The abbreviation for debit is dr. and the abbreviation for credit is cr.
Apparently the "dr." is associated with the term used in Italy more than 500 years ago, rather than the word "debit" which we use today.
To learn more, see the Related Topics listed below:
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.