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Tangentially related, I know little about double-entry accounting and was wondering what CR and DR meant. If CR was credit, then what was DR? It's somewhat obvi
by dcuthbertson 3y ago
Tangentially related, I know little about double-entry accounting and was wondering what CR and DR meant. If CR was credit, then what was DR? It's somewhat obviously debit, but why DR and not DB or some other abbreviation that uses letters in "debit"? I found a beautiful answer here [0] in the Accounting Historians Journal.
[0]: https://egrove.olemiss.edu/aah_journal/vol13/iss2/12/ https://egrove.olemiss.edu/aah_journal/vol13/iss2/12/
Edit: I should add that CR and DR at one point in time were related to creditor and debitor. I referenced that article, because it's the journey of the author to find an answer that I enjoyed about it.