Small Business Accounting 101: Why does Dr stand for Debit

Going from a musician to a CEO meant I needed to deepen my accounting knowledge.

As I studied, one thing bothered me: “Why does Dr stand for Debit?”

My favorite free accounting tutorial explains the history of the abbreviations “Dr” and “Cr” for “Debit” and “Credit”.

The terms debit and credit originated from the Latin terms “debere” or “debitum” which means “what is due”, and “credere” or “creditum” which means “something entrusted or loaned”.

Even the dictionary doesn’t do it justice. Now we know that Dr comes from “Debere”, and that ‘r’ doesn’t have to bother us anymore.

Happy Accounting!