On a Coordinate Graph with Y on the Vertical Axis

question 67

Multiple Choice

On a coordinate graph with y on the vertical axis and x on the horizontal axis,suppose point A represents coordinates (X = 5,Y = 6) and point B represents coordinates (X = 2,Y = 3) .Then the slope of the straight line joining points A and B is

• A)-1.
• B)2/3.
• C)5/6.
• D)1.
• E)3/2.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the accounts.

Annual Accounting Period

A 12-month period over which a company reports its financial performance, often aligned with the calendar year or fiscal year.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the ledger for the next period.

Financial Statements

Consolidated documents such as the balance sheet, income statement, and cash flow statement that summarize a company’s financial performance.