Definition of Dr.
In accounting, dr. is the abbreviation for the Italian term used more than 500 years ago to indicate today’s term debit.
In accounting and bookkeeping, debit or dr. indicates an entry on the left side of a general ledger account or the left side of a T-account.
Example of Dr.
Typically, the general ledger accounts for assets and expenses will have debit (dr.) balances and the balances in the asset accounts will be increased with debit amounts.
A debit (dr.) will also reduce the credit balances typically found in the revenue, liability, and stockholders’ equity accounts.
