Which of the Following Names Are Used to Identify a Chart's

question 62

Multiple Choice

Which of the following names are used to identify a chart's value scale?

• A) vertical axis
• B) value axis
• C) y-axis
• D) x-axis

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Definitions:

Debit And Credit

Fundamental concepts in accounting that represent the increase or decrease in an account balance; debits increase asset or expense accounts, while credits increase liability, equity, or revenue accounts.

Chart Of Accounts

An organized list of all accounts in a company's financial system, which is used to classify transactions.

Financial Statement Order

The sequence in which the key financial documents are prepared, typically including the income statement, balance sheet, statement of cash flows, and statement of retained earnings.

Debits And Credits

Fundamental accounting concepts that are used in double-entry bookkeeping, where debits must equal credits in every transaction.