why we write Dr. as debit and Cr. as credit in accounting
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Answer:
Because it is the short form of debit and credit
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Answer:
It is the notation which is for Debit is Dr. and for Credit is Cr.
Explanation:
The reason for using the abbreviation or notation instead of writing the full Debit and Credit is that increase in the equity of shareholder of liabilities is credited to the account and noted as Cr. whereas decrease is debit and that is noted as Dr.
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