I don't understand this question. Could you please assist me in answering it?
7 answers
Martina
Tue Nov 19 2024
Historically, in paper accounting journals and ledgers, black ink was utilized to denote positive financial transactions.
StormGalaxy
Tue Nov 19 2024
In financial jargon, red ink signifies a debt or a negative balance in an account.
Sebastiano
Tue Nov 19 2024
This terminology is employed by individuals, governmental bodies, and corporate entities alike.
OpalSolitude
Tue Nov 19 2024
The origin of this phrase is often attributed to the practice of using different colored inks in accounting.
Carlo
Mon Nov 18 2024
Conversely, red ink was reserved for indicating negative account activity, such as debts or overdrafts.