In a bank balance, "Dr" and "Cr" represent debit and credit, respectively.
Term | Meaning |
---|---|
Dr | Debit. This indicates a decrease in your account balance. It often represents money withdrawn or payments made from your account. According to the reference, DR can also mean debit balance(overdrawn). |
Cr | Credit. This indicates an increase in your account balance. This happens when money is added to your account, such as through transfers or interest earned. According to the reference, the full form of CR means credit. |
In summary, Dr reduces your bank balance, while Cr increases it.