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| Definition | : | Debit |
| Category | : | Business » Accounting |
| Country/ Region |
: | Worldwide
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| Popularity | : |
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Debit is an entry recording a sum owed or money that has been spent. DR is usually listed on the left-hand side or column of a T-Account Ledger.
There are many theories regarding the origin of CR and DR for Credit and Debit:
Theory 1:
CR and DR come from the Latin past participles of “Creditum” and “Debitum” which are "Credere (to entrust)" and "Debere (to owe)", respectively.
Theory 2:
CR stands for "Credit Record and DR stands for "Debit Record".
Theory 3:
CR is short for "Creditor" and DR is short for "Debtor".
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The full form of DR is Debit
Doctor | Drive | Disaster Recovery | Debit | Demand Response | Diabetic Retinopathy | Drachma | Dielectric Resonator