The Intersection of the X Axis and the Y Axis

question 337

Multiple Choice

The intersection of the x axis and the y axis is called the

• A) "meeting point."
• B) origin.
• C) "zero" point.
• D) corresponding point.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Merchandise

Goods that are bought and sold in a retail or wholesale environment.

Sales on Account

Transactions where goods or services are sold and payment is deferred, resulting in the creation of accounts receivable for the seller.

Sales on Account

Transactions where goods or services are sold and payment is deferred, leading to the creation of accounts receivable on the balance sheet.