what does DR and CR means in credit card statement?
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you are bringing this to next level:) hahaha
i was like, okay its just some newbie to credit and banking scenes,
UNTIL I REACHED THE PART WHERE i seen the line THAT SAID -> "will it EFFECT my CIBIL"
i was like... what the holy ____ ..... I literally wanna bang someone else head
the post description is the "nail in the coffin"
even search engine is good:)
My confusion was there was no 'R' in the word 'Debit' which is taken as acronym for DR
Yes, DR is an abbreviation for "debit record". In accounting, a debit is an entry recorded on the left side of an account ledger to indicate an increase in assets or expenses, or a decrease in liabilities and equity.
Debit (DR)
Credit (CR)
What it records
Incoming money
Outgoing money
Where it's recorded
Left side of an account ledger
Right side of an account ledger
The abbreviation DR may also stand for "debit balance" or "debit entry".
The terms debit and credit are used in double-entry bookkeeping, where every financial transaction involves both a debit and a credit entry. The ending balance of an account is calculated by subtracting the total credits from the total debits for that account.
The abbreviation DR may come from the Latin present active infinitive debitum, which is debere. Another theory is that DR is short for "debtor".
So now we know about the 'r' in Dr. All credits goes to op.
DR means DoctorRate and CR means Compliant Record.
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Credit card companies employ doctorates in financial discipline and they raise complaint records for every transaction we do on credit card.
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It was a custom when the first credit card was invented and every credit card company around the world following this since then.
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Looks funny but true. Ppl always think its accounting practice, how funny
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Thanks for clarifying sir, i used to think DR is doctorate and CR is Corporate 
so CR doesn't mean Crore, I thought I had 1000 crores in bank 
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DR - debit transaction..
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CR - credit transaction