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What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
What is a debit note IN accounting terms?
a debit note is an entry recorded to debit an account
Is advertizing a debit or credit?
In the terms of accounting - advertising would be a debit - since you would be paying someone to advertise your business.
What is rent and rates as in accounting terms?
Rent in accounting terms refers to a recurring expense that you plan for. Rate refers more to something that results in a debit on expense, but a credit on payables.
Is a refund a debit or credit in accounting?
debit
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
What is a debit note IN accounting terms?
a debit note is an entry recorded to debit an account
Is advertizing a debit or credit?
In the terms of accounting - advertising would be a debit - since you would be paying someone to advertise your business.
What does debited mean?
In accounting debit is the left side of an account. It general terms it does not mean "charge" though that is what many people take it to mean since that is what it means to them. It is incorrect to say that debit means "charge". A debit card takes money directly out of your bank account. A credit card, however does not.
What is rent and rates as in accounting terms?
Rent in accounting terms refers to a recurring expense that you plan for. Rate refers more to something that results in a debit on expense, but a credit on payables.
Is a refund a debit or credit in accounting?
debit
What is the Dr.. in Accounting?
Dr in accounting is 'debit'.
What is the abbreviation for the word Debit in accounting?
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
What is the real meaning of credit and debit?
"Credit" and "Debit" are accounting terms. In short, a credit is an addition to the account in question while a debit is a withdrawl or transfer. Depending on the specific use of each there can be a bit more detail.
Meaning of credit and debit?
Credit and debit are terms used in accounting and bookkeeping. Debit is typically listed first on the left side and credit will be on the right side. The words have opposite meanings. Debit is receiving and credit is giving and in business accounts debit is what comes in and credit is what goes out.
Credit vs debit?
Debit is the left side of accounting statement and Credit is the right side of accounting statement. By debit we mean something comes inside the organization and by credit we mean, something goes outside the organization. That means debit means inflow and credit means outflow. For Example, we write Accounts Recieveable at, cash in hand, cash at bank, and assets at the left side of accounting statement as debit and write Accounts Payable, Bonds Payable, Bills Payable and other liabilities at the right side of accounting statement as credit. Hope answer the question
What exactly does a debit mean?
A "debit" is an accounting entry which results in either an increase in assets or a decrease in liabilities in your bank account. It is most commonly used in the term "debit card" which is a card used to make debit (entries).
