ryanybarra36
Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

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.

Sagot :

Answer:

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 :)

robertothome934

Answer:

B

Step-by-step 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.

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.