If he’s so knowledgeable about accounting terms, he should explain that ‘being in the black’ refers to assets traditionally being entered in accounting ledgers in black ink, whereas ‘red’ is a reference to liabilities being entered in red ink. It has nothing to do with the color of money.
If he’s so knowledgeable about accounting terms, he should explain that ‘being in the black’ refers to assets traditionally being entered in accounting ledgers in black ink, whereas ‘red’ is a reference to liabilities being entered in red ink. It has nothing to do with the color of money.