28
QuizMultiple Choice

Keeping Financial Records

Question 28 • Financial Math - MA2007 CR

What does it mean to be “in the red?”

Answer
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.

Explanation

Being “in the red” means having a negative balance or owing more than you have. In this context, that happens when debits are greater than credits, so the correct choice is “You have more debits than credits.”

AI-written and checked against the verified answer.

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