please cite where you got it if possible
2007-01-10 13:04:54 · 6 answers · asked by Mikey X 2 in Education & Reference ➔ Words & Wordplay
In the past, the debts were written with red ink and the profits with black ink. Today these colors are still used to indicated debts and profit. So:
Run in the black, means being financially solvent
Run in the red, means full of debts and unable to repay them (probaly in bankruptcy)
2007-01-10 13:52:03 · answer #1 · answered by gospieler 7 · 0⤊ 0⤋
http://www.answers.com/topic/in-the-red
This site will explain "in the red" which is the opposite of "in the black" which relates to the color of ink once used in accounting.
"In the black" means a business is now making profit while "in the red" means their debts exceed their profits. That is why the first shopping day after Thanksgiving is called Black Friday because it is the day stores make so much profit from holiday shoppers that they finally are "in the black" again.
2007-01-10 13:17:12 · answer #2 · answered by whatever 4 · 0⤊ 0⤋
It refers to book keeping. Running in the black means staying out of the red or out of debt.
2007-01-10 13:12:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It means you are not in debt...you have money to spare(so to speak). I got it from managing several businesses!
Or...just like a checkbook. If you have more money in a checkbook than checks you wrote...then you are running in the black. Got it?
Running in the red is the opposite. You are in debt...and your checkbook is overdrawn!!
2007-01-10 13:16:06 · answer #4 · answered by TexasRose 6 · 0⤊ 0⤋
Making a profit you're business is being run successfully
2007-01-14 06:37:24 · answer #5 · answered by Anonymous · 0⤊ 0⤋
your business is making a profit..................
2007-01-10 13:09:47 · answer #6 · answered by xjoizey 7 · 0⤊ 0⤋