Tell us what is the abbreviation for the accounting terms debit and credit?
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Answer Posted / Parmod Kumar
The abbreviations for Debit (D) and Credit (C) in Accounting come from Latin, where Debit means 'I owe' or 'I am owed', while Credit means 'I have given' or 'I owe to'. These terms are used to record financial transactions in the accounting system.
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