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Where does the phrase in the black red originate?

Updated: 8/17/2019
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15y ago

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'In the black' and 'in the red' originate from classic accounting. Credits are entered in the journal in black ink, and debits are entered in red ink. After they are all totalled together, you are making a profit if your total is 'in the black'. If, however, the total is 'in the red', you are operating at a loss.

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Q: Where does the phrase in the black red originate?
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