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What is the full form of Dr. and Cr. ?
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Answer / vij_jain01
Dr means DEBIT RECORD
Cr means CREDIT RECORD
| Is This Answer Correct ? | 429 Yes | 67 No |
Answer / raj aryan
The terms derived from the Latin words :-
Dr. ==> "Debere" which means "to owe" and
Cr. ==> "Credere" which means "to trust or believe".
| Is This Answer Correct ? | 63 Yes | 22 No |
Answer / master viju
DR.Means Debit Record
Cr.means Credit Record
| Is This Answer Correct ? | 47 Yes | 14 No |
Answer / santosh
Dr. stands for Debit and Cr. stands for credit.
| Is This Answer Correct ? | 97 Yes | 67 No |
Answer / kiran kumar
Dr means Debit recorded
Cr means Credit recorded.
| Is This Answer Correct ? | 46 Yes | 29 No |
Answer / abc
Dr " Debit what comes in
Cr " Credit what goes out"
| Is This Answer Correct ? | 25 Yes | 16 No |
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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
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