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Jan 17, 2023 · The expression "in the black" is used to refer to a company's profitability and current financial health. The expression is rooted in accounting history when accountants updated...
Jul 4, 2024 · The meaning of IN THE BLACK is making a profit : profitable. How to use in the black in a sentence.
be in the black. If a bank account is in the black, it contains some money, and if a person or business is in the black, that person or business has money in the bank and is not in debt.
Jun 12, 2024 · What Does Be in the Black Mean? The phrase “in the black” has a positive connotation in accounting. It refers to the accounting practice of recording incoming funds in black ink. When a business is in the black, it means that it does not owe any money and is solvent.
in the black. Turning a profit; not in debt. This phrase is often applied to businesses and refers to the traditional bookkeeping practice of writing incoming funds in black ink (and outgoing funds in red). I'm pleased to announce that the company is in the black for the fifth consecutive year. See also: black.
In the Black Meaning. Definition: Having more income than expenditures; to be making a profit. Origin of In the Black. This idiom can be compared with the expression in the red. While in the red means to be in debt, in the black means the opposite.
to be solvent or have money. Example Sentences. The employees were in the black until the management wrapped up the entire business. I have worked very hard to move this account in the black. This country should make gambling legal so that its finances can finally be put in the black.
IN THE BLACK definition: earning more money than you spend: . Learn more.
Black. Informal; describing a financial statement that ends with a positive assessment. For example, if a company produces a profit for a given period of time, it is said to be "in the black." The term comes from the color of ink used for such statements. See also: Red.
The terms "in the red" and "in the black" provide a quick way to describe a company's financial health. Those operating at a loss are "in the red," so their debt and liabilities outpace their income. Those "in the black" have generated enough funds to cover their operating expenses.
