a question 4 which no 1 has answer ?
(Guest)
if CRedited is written as cr
then why Debit as dr?
though there is no 'r' alphabet in 'debit'?
!!!!!!!!!!!!think!!!!!!!!!!!!!!
| Originally posted by :SUMIT JIWNANI | ||
| " | if CRedited is written as cr then why Debit as dr? though there is no 'r' alphabet in 'debit'? !!!!!!!!!!!!think!!!!!!!!!!!!!! |
" |
as number is written as ....No.
CA Nallathambi Srinivasan
(Audit Team Member)
(1584 Points)
Replied 21 August 2008
The terms Debit and Credit have Latin roots. Debit comes from debere, which means "to owe". The Latin debitum means "debt". Credit comes from the Latin word credere, which means "to believe" or "to entrust". It is more common to use the plural terms "Debits" and "Credits".
This is the origin of words Debit and Credit.
| Originally posted by :S.Nallathambi | ||
| " | The terms Debit and Credit have Latin roots. Debit comes from debere, which means "to owe". The Latin debitum means "debt". Credit comes from the Latin word credere, which means "to believe" or "to entrust". It is more common to use the plural terms "Debits" and "Credits". This is the origin of words Debit and Credit. |
" |
thnx for that valuable info but still i dont hav answer to wat i askd!
CA Nallathambi Srinivasan
(Audit Team Member)
(1584 Points)
Replied 21 August 2008
Dr. comes from Debere
CA Nallathambi Srinivasan
(Audit Team Member)
(1584 Points)
Replied 21 August 2008
and Cr. comes from credere
CA Kamal Aggarwal
(Accounts Manager)
(78 Points)
Replied 21 August 2008
dr = debit record
cr = credit record
sumit
(CA student)
(203 Points)
Replied 21 August 2008
dr. stands for debit recorded.
cr. stands for credit recorded.
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