1.

What is Dr and Cr mean in accounting?????

Answer»

DEBIT AND CREDIT CONVENTIONAs a matter of accounting convention, these equal and opposite entries are referred to as a debit (Dr) ENTRY and a credit (CR) entry. For EVERY debit that is recorded, there must be an equal amount (or sum of amounts) ENTERED as a credit.



Discussion

No Comment Found

Related InterviewSolutions