What is the full form of CR in banks?
GeneralClass 10CBSEAnswered 25 May 2026
Answer
CR = Credit
Used in bank statements and accounting ledgers to indicate money coming into an account.
- CR (Credit) money received, deposited, or added to your account
- DR (Debit) money withdrawn, spent, or removed
Example bank statement:
| Date | Description | DR | CR | Balance |
|---|---|---|---|---|
| 01/05 | Salary received | — | 50,000 | 50,000 |
| 03/05 | ATM withdrawal | 5,000 | — | 45,000 |
| 05/05 | Transfer received | — | 10,000 | 55,000 |
Other banking uses of CR:
- Credit Rating assessment of a borrower's creditworthiness
- Credit Report document showing borrowing and repayment history
- Credit Risk risk that a borrower will default
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