DSCB stands for which accounting concept?

DSCB stands for which accounting concept?

• A. Debit Buyer, Credit Seller
• B. Debit Lender, Credit Seller
• C. Debit Seller, Credit Lender
• D. Debit Seller, Credit Buyer

Answer: (D)

DSCB is a mnemonic used on settlement statements to indicate who bears each cost. It stands for Debit Seller, Credit Buyer. The idea is that items charged to the seller are shown as debits against the seller, while items that benefit the buyer or are paid by the buyer are shown as credits to the buyer. This helps keep the closing statement balanced and makes it clear who is responsible for each cost. For example, a fee that the seller must pay at closing would appear as a debit to the seller, while a credit to the buyer would appear for amounts the buyer is entitled to or receives at closing. The other options reverse these roles, which would conflict with how costs and credits are typically presented on a closing statement.

DSCB is a mnemonic used on settlement statements to indicate who bears each cost. It stands for Debit Seller, Credit Buyer. The idea is that items charged to the seller are shown as debits against the seller, while items that benefit the buyer or are paid by the buyer are shown as credits to the buyer. This helps keep the closing statement balanced and makes it clear who is responsible for each cost. For example, a fee that the seller must pay at closing would appear as a debit to the seller, while a credit to the buyer would appear for amounts the buyer is entitled to or receives at closing. The other options reverse these roles, which would conflict with how costs and credits are typically presented on a closing statement.