Debit (DR)

[Javed Jattak]

When we write the abbreviation of Credit we write CR. The R is available in the spelling of Credit. Why we write DR the abbreviation of Debit, There is no R in the Debit spelling. <b></b>

[FARHAN123]

There are a few possible explanations. One theory asserts that the DR and CR come from the Latin past participles of debitum and creditum which are “debere” and “credere”, respectively.
Another theory is that DR stands for “debit record” and CR stands for “credit record”.
Finally, some believe that DR notation is short for “debtor” and CR is short for “creditor”.