image
Nov 15, 2013

Why Dr. stands for debit regards?

1
0+
0-
  • Best answer

  • Others answers (1)

  • image
    Nov 15, 2013

    The word debit comes from the Latin word 'debere', which means 'to owe'. Another theory of the origin of the abbreviation is that it stands for 'debit record'. A third theory states that the DR notation is short for 'debtor'. The use of debits and credits has become the basis of modern day accounting, and allows companies and individuals to keep track of their financial transactions.

    0+
    0-
    Comment
  • image