What does dr mean after a balance?

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What does dr mean after a balance?

like £20Dr on a UK statement?

2006-08-10 23:34:15 · 2 answers · asked by englishkeymaster 3 in Business & Finance ➔ Personal Finance

2 answers

Dr means debit.in a bank statement it means the bank is indebted to the depositor for the specified amount.if it is a Cr ie credit it means the customer of the bank is indebted to the bank for the specified amount

2006-08-10 23:44:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋

the Dr means Debit. ie you are in the red! Overdrawn

2006-08-11 06:44:38 · answer #2 · answered by hubertxiv 3 · 0⤊ 0⤋