Which of the following abbreviations is correct?
A) Debit, "Dr"; Credit, "Cd"
B) Debit, "Db"; Credit, "Cr"
C) Debit, "Db"; Credit, "Cd"
D) Debit, "Dr"; Credit, "Cr"

Question

Quizplus · Accepted Answer

The correct abbreviation for Debit is "Dr" and for Credit is "Cr", therefore the correct option is D. Option A is incorrect as "Cd" is not the correct abbreviation for Credit. Option B is incorrect as "Db" is not the correct abbreviation for Credit. Option C is incorrect as "Cd" is not the correct abbreviation for Credit.

Which of the Following Abbreviations Is Correct