In
double entry bookkeeping,
debits and
credits (abbreviated
Dr and
Cr, respectively) are entries made in
account ledgers to record changes in
value resulting from business transactions. Generally speaking, the source account for the transaction is
credited (that is, an entry is made on the right side of the account's ledger) and the destination account is
debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require multiple debit and credit entries to record.