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ACCOUNTING BASICS: Debits and Credits Explained
5:44
YouTubeAccounting Stuff
ACCOUNTING BASICS: Debits and Credits Explained
📚 New! Get my 2nd Edition Accounting Cheat Sheet Bundle → https://accountingstuff.com/shop Shhh, it's a secret! Not really.. In this Accounting tutorial you’ll discover the true meaning of Debits and Credits in Accounting. This episode is a continuation of our series exploring Accounting Basics. To see the whole playlist check out the ...
2.7M viewsAug 29, 2018
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CA Deepak Lalwani on Instagram: "💡 Why Debit is written as “Dr” when there is no ‘R’ in Debit? This is one of the most common confusions in Accounting! Let’s clear it up 👇 The word Debit actually comes from the Latin word “Debere”, which means “to owe”. Similarly, Credit comes from the Latin word “Credere”, meaning “to entrust”. 👉 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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