What is the full from of DR and CR ?
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Answer Posted / sagar bandarkar
DR- Debit
CR- Credit
Debit & Credit both are effects of a transaction. Every
transaction has two effect.
It is based on Neowton's low of gravity.
The word debit derived from latin word Debito & the word
Credit derived from the latin word Credito.
In each transaction DR = CR.
Father of accounts LUCA DE PACIOLI an italian mathematician
preached the same rule.
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