Debits & Credits Explained (Full Example)
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YouTubeLong Term Mindset
Debits & Credits Explained (Full Example)
FREE Accounting Infographic eBook: 📚 https://longtermmindset.co/fssebook ABOUT US: 👨‍💼Brian Feroldi is an author (https://amzn.to/3JVr9Q0), investor, YouTuber, and financial educator. He's been investing in the stock market since 2004. Brian likes to buy and hold the highest quality companies he can find. 👨‍💼Brian Stoffel is ...
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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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