Can anybody tells a story behind this?
2007-10-24 02:29:41 · 2 answers · asked by Mithun K 2 in Society & Culture ➔ Languages
If its what I think you mean, it refers to the colour of the writing on bank statements, where if you owe the bank money or ar in 'debt' to the bank, the writing is red and if you have have money in the bank or 'credit' the writing is in black.
So if you are in the black it usually refers to having money in the bank.
2007-10-24 02:36:31 · answer #1 · answered by Teff 2 · 0⤊ 0⤋
I don't know about a story, but it means that a ledger balance shows that there is a positive result. Red ink used to be used to show a negative balance - that more money was owed than money that was "in the bank". Being "in the black" is slang for having money and not being in debt.
2007-10-24 02:35:36 · answer #2 · answered by Paul Hxyz 7 · 0⤊ 0⤋