What is the meaning of a source document with abbreviation DD in book keeping?

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1202563

2026-08-13 19:46

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In bookkeeping, a source document with the abbreviation "DD" typically stands for "Direct Debit." It refers to an arrangement where funds are automatically withdrawn from a bank account to pay for recurring transactions, such as bills or subscriptions. Direct debit source documents serve as evidence of authorization for these transactions, ensuring accurate record-keeping and facilitating automatic payments.

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