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.
No comments:
Post a Comment