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7 December, 15:33

What does it mean to be "in the black?"

a. Your financial records are in good order.

b. Your financial records are being called into question.

c. You have more credits than debits.

d. You have more debits than credits.

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  1. 7 December, 16:26
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    Answer: Option d

    Explanation: Using the word "black" refers to the profit margins of a corporation and existing financial health. A corporation seems to have been in the black when it is financially viable or, more explicitly, if after taking account for all expenditures, the business generates positive income.

    The phrase has origins in the past of accounting where accountants manually checked financial information in their records before hardware and software were used.

    Accountants used various colored inks - both black and red - to indicate the productivity of a product. Unlike a black business, in the red is seen as one of with unfavorable results or unprofitable.
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Home » Business » What does it mean to be "in the black?" a. Your financial records are in good order. b. Your financial records are being called into question. c. You have more credits than debits. d. You have more debits than credits.
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