From another web site: Dr = Debit Record Cr = Credit Record
DR Operational Expenses CR Accounts Payable
DR is for Debit Record, and CR is for Credit Record.
debit accounts receivablecredit sales revenue
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
simpleParty A/c Dr. (inclusive of vat)sale A/c Cr. (exclusive of vat)Vat output Cr.
DR Operational Expenses CR Accounts Payable
DR Operational Expenses CR Accounts Payable
DR is for Debit Record, and CR is for Credit Record.
debit accounts receivablecredit sales revenue
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
simpleParty A/c Dr. (inclusive of vat)sale A/c Cr. (exclusive of vat)Vat output Cr.
You write a cash withdrawal as follows: debit cash ; credit bank.
The term debit comes from the Latin debitum which means "that which is owing". Debit is abbreviated to Dr (for debtor). The term credit comes from the Latin credere/credit meaning "to trust or believe"/"he trusts or believes" via the French credit and the Italian credito. Credit is abbreviated to Cr (for creditor).
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
In my opinion, this question is wrong. DR Operating Expense CR Accounts Payable
Dr. Full Form Debit Record, Cr. Full Form Credit Record,
I would guess that dr and cr originally stood for debit record and credit record. No source on that though.