Black Friday - Did you know?????
Black Friday - kind of a strange name - but did you know WHY it's called Black Friday?
It's a term that refers to old-fashioned accounting methods - way back when - the retailers and the grocers kept handwritten ledgers of their accounts.
Numbers in RED ink meant a loss
Numbers in BLACK in meant a profit - hence the term "We are now "in the Black" - simply, we are no longer losing money - we are showing profits!!
In recent years - the retailers have adopted this term - and it has come to mean BIG HUGE PROFITS - traditionally, the Day after Thanksgiving is when the Christmas Shopping Season begins - and for accounting purposes - The Retailers make lots of money!!
IN THE BLACK = Black Friday!
http://stores.ebay.com/JEWELRY-AND-GIFTS-BY-ALICE-AND-ANN
It's a term that refers to old-fashioned accounting methods - way back when - the retailers and the grocers kept handwritten ledgers of their accounts.
Numbers in RED ink meant a loss
Numbers in BLACK in meant a profit - hence the term "We are now "in the Black" - simply, we are no longer losing money - we are showing profits!!
In recent years - the retailers have adopted this term - and it has come to mean BIG HUGE PROFITS - traditionally, the Day after Thanksgiving is when the Christmas Shopping Season begins - and for accounting purposes - The Retailers make lots of money!!
IN THE BLACK = Black Friday!
http://stores.ebay.com/JEWELRY-AND-GIFTS-BY-ALICE-AND-ANN
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