When Using Histograms to Compare Groups of Different Sizes, One

question 28

True/False

When using histograms to compare groups of different sizes, one mayuse either frequencies or relative frequencies for the vertical axis and stillbe effective.

---

Definitions:

Account Nature

Refers to the intrinsic characteristics of an account that determine how transactions are recorded and classified, such as whether it is an asset, liability, revenue, or expense account.

Financial Statement

Reports that quantify the financial strength, performance, and liquidity of a company during a specific period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating its typical increase direction.

Account Nature

Describes the classification of an account in accounting, such as asset, liability, equity, income, or expense.