MEANING OF DEBIT AND CREDIT - weekroo

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    Home CREDIT DEBIT MEANING OF DEBIT AND CREDIT MEANING OF DEBIT AND CREDIT

    MEANING OF DEBIT AND CREDIT


    The term 'debit' is supposed to have derived from 'debit' and the term 'credit' from 'creditable'. For

     convenience 'Dr' is used for debit and `Cr' is used for credit. Recording of transactions require a thorough

     understanding of the rules of debit cind credit relating to accounts. Both ebit and credit may represent

     either increase or decrease, depending upon the nature of account. 


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