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Shivan S
Lv 4
Shivan S asked in Business & FinanceOther - Business & Finance · 1 decade ago

Why is the code "DR" given to debit?

Just wondering...

A "CR" code is given to Credit transaction, most probably because it forms a abbreviation. However this does not make sense for Debits, when it is given a code "DR", because there is no 'r' obviously. So why is the "DR" given to a debit transaction, what does the 'r' mean?

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  • Scott K
    Lv 7
    1 decade ago
    Favorite Answer

    Dr comes from the English word for debit, which is "draft" or "draught." the other answer is a bunch of hooey.

  • Signilda
    Lv 7
    1 decade ago

    The term comes from the Latin word "debere" which can be abbreviated to "dr". Also can mean "debit record".

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