Which Type of Graph Is the Most Commonly Used to Display

question 1

Multiple Choice

Which type of graph is the most commonly used to display trends in financial data?

• A)Pie chart.
• B)Scatterplot chart.
• C)Bar chart.
• D)Stochastic chart.

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Definitions:

Liability Accounts

Financial accounting ledgers that record amounts owed to creditors or suppliers.

Debits

Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.

Journalizing

The process of recording financial transactions in a journal or diary, marking the first step in the accounting cycle.