Question

What does it mean to be “in the red?”

a.
You have more credits than debits.
b.
You have more debits than credits.
c.
You cannot find your financial records.
d.
Your financial records are inaccurate.

Answer 1

B

Explanation:

In accounting, if the debit balance is more than the credit balance on income statement, there is a loss.

If the credit balance is more than the debit balance on income statement, there is a profit.

Option C and D are both not correct because this does not relate to whether a Financial record is accurate or not.

Answer 2

b.

You have more debits than credits.

Step-by-step explanation

Being in the red means that you are in debt so im 90% sure its B

If you get this wrong then i am very sorry.This is my input :)