DR = debit

Creamy Goodness · 28-01-2006 3:06am #1

don't know if this in in the right forum but i was just looking at my bank details online and only noticed this, i always knew the DR collum was the debit collum, but where does the abbrevation DR come from.

Karoma · 28-01-2006 3:08am

Debit Record perhaps?

dingding · 28-01-2006 3:11am

Latin possibly

,

Creamy Goodness · 28-01-2006 3:11am

true, it could be that, was just totally curious as i done accounting for a bit and it always struck me in the face but never knew what the R stood for.

i thought the R in CR was just abbrev. of CRedit. maybe that's credit record aswell then

kluivert · 29-01-2006 2:35pm

DR = debit

Remember when you look at a bank statement your looking at the banks statement of your account.

Debit = people who owe you money
Credit = peopel you owe money to.

Therefore if your account is a debit balance (dr) this means you owe the bank this money ie loan/overdraft

I hope that clears that up

Shamo · 29-01-2006 2:49pm

dingding wrote:

Latin possibly ,

Yeah it's laten. Debere abbreviated to DR

http://en.wikipedia.org/wiki/Debit

Never thought about that before until now actually

Cake Fiend · 29-01-2006 2:50pm

kluivert wrote:

I hope that clears that up

Kinetic^ · 29-01-2006 9:20pm

Sico wrote:

LMFAO:p

fletch · 29-01-2006 9:25pm

I always thought it stood for drawn as in overdrawn??

bounty · 30-01-2006 2:31am

it comes from the latin word DeBere which means "to owe"

lol @ kluivert

kluivert · 30-01-2006 10:30am

Many accounting terms come from latin, there should be no surprise there.

And whats so funny anyway.

I get it....I didnt the original post properly.

Kinetic^ · 30-01-2006 11:40am

kluivert wrote:

I get it....I didnt the original post properly.

You speak engrish!!!!:p

kluivert · 31-01-2006 2:27pm

Keyser Soze 69 wrote:

You speak engrish!!!!:p

Lol am improving each day.

Kinetic^ · 31-01-2006 3:49pm

kluivert wrote:

Lol am improving each day.

Very good, maybe some time you teach

tman · 31-01-2006 3:57pm

for some reason i was under the belief that it stood for "Debit Received":v:

shows how much attention i paid during business studies...

Kinetic^ · 31-01-2006 4:17pm

tman wrote:

for some reason i was under the belief that it stood for "Debit Received":v:

shows how much attention i paid during business studies...

And CR stands for credit received??

TBH I didn't know the original source of the initials Dr.

The accounting system that is "Double Entry", was created by an Italian man in the Renaissance so I kinda presumed it was latin of some sort.

DR = debit

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