|Category|| : ||Business » Accounting
|Country/Region|| : ||Worldwide
|Popularity|| : ||
What does CR mean?
Credit (CR) is an entry recording a sum received. CR is usually listed on the right-hand side or column of a T-Account Ledger.
There are many theories regarding the origin of CR and DR for Credit and Debit:
CR and DR come from the Latin past participles of “Creditum” and “Debitum” which are "Credere (to entrust)” and "Debere (to owe)”, respectively.
CR stands for "Credit Record and DR stands for "Debit Record".
CR is short for "Creditor" and DR is short for "Debtor".