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Why debit is denoted by dr …

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Why debit is denoted by dr ?

    • Posted by Arun Mishra 8 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Dhruv Goyal 8 years, 2 months ago

    Debt is non-recoverable money by our debtor and debtors have dr. balance that's why we note Dr. For debt also

    1Thank You

    Sarah Reynold 8 years, 2 months ago

    As I too was having that same doubt...I checked out the.s grewal double enty...book it says that there is no specified reasonfor it...as credit is cr so debit is denoted as Dr..that's it....

    2Thank You

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