WBCS.LIVE practice question

Choose the one which best replace its meaning. Her bank account was in the black.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Contained untaxed money
  2. Had a credit balance
  3. Was kept secret
  4. Contained the profits of crime

Correct answer and explanation

Correct answer: Had a credit balance

Explanation: āœ… Correct Answer: B) Had a credit balance šŸ“š Explanation: In accounting and banking, being 'in the black' means that a business or person has more money than they owe. It indicates a positive or 'credit balance' in the bank account. Its opposite is being 'in the red', which means being in debt.