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.

Respuesta :

Answer:

The answer is 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:

B

Explanation:

I too the quiz and got 100%

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE