Interested to Buy Any Domain ? << Click Here >> for more details...
What is the full from of DR and CR ?
- 19 Answers
- 52183 Views
- Adani, Adani Wilmar, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / jishadali
Dr means Debere meams left hand side
Cr mvans Credere mvans right hand side
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / priyam ghosh
ASPER ACCOUNTING POLICY,DR-MEANS DEBIT SIDE OF AN A/C ,AND
CR-MEANS CREDIT SIDE OF AN A/C .
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / chintan shah
While the actual origin of the terms debit and credit is unknown, the first known recorded use of the terms is Venetian Luca Pacioli's 1494 work, Summa de Arithmetica, Geometria, Proportioni et Proportionalita (translated: Everything About Arithmetic, Geometry, Proportions and Proportionality). Pacioli devoted one section of his book to documenting and describing the double-entry bookkeeping system in use during the Renaissance by Venetian merchants, TRADERS and bankers. This system is still the fundamental system in use by modern bookkeepers.[4]
One theory is that in its original Latin, Pacioli's Summa used the Latin words debere (to owe) and credere (to entrust) to describe the two sides of a closed accounting transaction. When his work was translated, the Latin words debere and credere became the English debit and credit. Under this theory, the abbreviations Dr (for debit) and Cr (for credit) derive from the original Latin.[5] However, Sherman[6] casts doubt on this idea because Pacioli does not use debere nor Dr nor any word of similar root in his journal entries. In fact Pacioli uses Per (Latin for "from") for the left side of the sentence and A (Latin for "to") to begin the right side. Sherman goes on to say that the earliest text he found that actually uses "Dr." as an abbreviation in this context was an English text, the third edition (1633) of Ralph Handson's book Analysis or Resolution of Merchant Accompts[7] and that Handson uses Dr. as an abbreviation for the English word "debtor." (Sherman could not locate a first edition, but speculates that it too used Dr. for debtor.)
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / kumar rajesh
Dr means debit record
Cr means credit record
| Is This Answer Correct ? | 0 Yes | 1 No |
Expand------CCEA
what is the difference between Assets Allocation & Security selection?
what are real,nominal,personal and impersonal accounts
What are two questions that an owner might be able to answer by looking at accounting information?
What is the working formula for Debt Equity ratio
Whats the difference between accounting concepts and conventions?
A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?
Expand ------FCC
What is the difference between P/L A/c and Balance sheet? When an adjustment account is prepared?
Expand CCA?
"while Financial accounting is external, cost accouting is internal to the business" Explain?
What is Earning per share?
Audit 
