Card Management

CA Deepak Lalwani on Instagram: "💡 Why Debit is written as “Dr” when there is no ‘R’ in Debit? This is one of the most common confusions in Accounting! Let’s clear it up 👇 The word Debit actually comes from the Latin word “Debere”, which means “to owe”. Similarly, Credit comes from the Latin word “Credere”, meaning “to entrust”. 👉 In old accounting practices, abbreviations were taken from Latin origins. So, Dr is short for Debere (not the English word Debit). And Cr is short for Credere (not