---
title: "What is the abbreviation for the accounting terms DEBIT and CREDIT?"  
description: "What is the abbreviation for the accounting terms DEBIT and CREDIT?"  
author: "Ava Reeve"  
published: 2017-11-27  
canonical: https://answers.mindstick.com/qa/31253/what-is-the-abbreviation-for-the-accounting-terms-debit-and-credit  
category: "business & finance"  
tags: ["accountants", "banking"]  
reading_time: 1 minute  

---

# What is the abbreviation for the accounting terms DEBIT and CREDIT?

What is the abbreviation for the [accounting](https://yourviews.mindstick.com/view/82694/faqs-about-accounting-and-accounting-courses) terms DEBIT and CREDIT?

## Answers

### Answer by Vishal Kesarwani

The **abbreviation** for the accounting terms **debit and credit are Dr. for Debit Cr. for Credit.** Debit and Credit simply are 2 sides of accounting entries, rather signals to point whether or not one thing has gone up or down. **Contradictory** to the assumption that **Debit means the incoming** and **Credit means outgoing,** they're simply signals to point whether or not the accounting components (assets, expenses, liabilities, equity, and revenue) has augmented or decreased. \
For e.g. If you purchase Associate in Nursing quality, there's a rise in assets thus you **communicate** or signal it by debiting it. Just like we hold our index and finger in an exceedingly V form, it signals winning or we could say victory, prior to those **debiting assets** and expenses signal a rise and crediting liabilities, revenue, and equity signals a rise in them. \


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Original Source: https://answers.mindstick.com/qa/31253/what-is-the-abbreviation-for-the-accounting-terms-debit-and-credit

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