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a question 4 which no 1 has answer ?

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if CRedited is written as cr then why Debit as dr? though there is no 'r' alphabet in 'debit'? !!!!!!!!!!!!think!!!!!!!!!!!!!!

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(Guest)

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.

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CA Sumit goyal (....) (66 Points)
Replied 21 August 2008

gud q .

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.

(Guest)

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!