​Find the Slope M and Y-Intercept B of the Line

question 365

Multiple Choice

​Find the slope m and y-intercept b of the line whose equation is given below. ​ ​

• A) ​ ,
• B) ​​ ,
• C) ,
• D) ​ ,
• E) ,

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Definitions:

Subsidiary Ledgers

Detailed records that contain information about specific accounts, which together support and reconcile with summary amounts in the general ledger.

Daily Postings

The routine process of recording transactions in the books of accounts or ledgers on a daily basis to ensure financial records are up-to-date.

Control Account

An account in the general ledger used to simplify the recording of transactions and track the total amounts for financial statement purposes, often summarizing the details that are held in a subsidiary ledger.

Special Journals

Accounting books or ledgers used for recording and categorizing specific types of transactions such as sales, purchases, cash disbursements, and cash receipts in a more efficient manner.