Hi All,
I'm an Engineer by training; I've picked up a ton of accounting
knowledge just by being involved here for the past few decades, but
there's one thing I've seen recently that I honestly don't underdstand
and would appreciate if a CPA or Accounting Historian could answer.
Specifically, I've seen people show a transaction as:
Dr ... / Cr ...
So CR as an abbreviation for Credit makes sense to me (CRedit). But why
is Debit abbreviated as DR? There is no "R" in DEBIT. So where does
that come from? I would have expected it to be "Db".
Just curious.
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warl...@mit.edu PGP key available
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