If we can write Credit to cr. so why we can`t write Debit
to Dt. or De. why we write it Dr.?

Answer Posted / zabihullah

for the first time these terms creditor and debitor was used
by an italian person in 1494.so because of that now we write
that term as dr and cr.

Is This Answer Correct ?    5 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me do you think accounting standards are mandatory and why?

602


credit card expenses entry kisme pass karenge

899


explain me what steps would you take to increase revenue for this company?

580


what are doucement required under registration of properity firm. give the answer breif

1539


What is meaning of invoice?

687






I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.

1496


my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.

1130


what is use of cost center category in tally ? why & when use this ? what is benfit ?

1633


What are the steps involved in project implementation?

720


Tell us in accounting, how do you define premises?

688


What is an Automatic Payment Program ?

1592


I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

956


Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

1714


if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1120


Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?

1804