Question

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.

Please select the best answer from the choices provided

OA

OB

С

D

Answer 1

C

Step-by-step explanation:

You have more credits than debits.

Answer 2

C. You have more credits than debits.

Step-by-step explanation:

In the financial world, certain terms are used that are understood by those in the financial world. One such word is the phrase "being in the black".

This phrase "being in the black" means when someone of a company has more credits than debits. This means that the inflow of money is more than outgoing. So, it is a good thing and that the company or the person is in a stable condition, not in debt, and financially solvent and safe.

Thus, the correct answer is option C.