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CA Deepak Lalwani on Instagram: "πŸ’‘ Why Debit is written as β€œDr” when there is no β€˜R’ in Debit? This is one of the most common confusions in Accounting! Let’s clear it up πŸ‘‡ The word Debit actually comes from the Latin word β€œDebere”, which means β€œto owe”. Similarly, Credit comes from the Latin word β€œCredere”, meaning β€œto entrust”. πŸ‘‰ In old accounting practices, abbreviations were taken from Latin origins. So, Dr is short for Debere (not the English word Debit). And Cr is short for Credere (not
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