Which Term Means to Change from One Unit or System

question 33

Multiple Choice

Which term means to change from one unit or system of measurement to another?

• A) Reduce
• B) Simplify
• C) Convert
• D) Cancel

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Definitions:

Checkbook Balance

The balance of a checking account according to the checkbook's records, not necessarily the same as the bank statement balance.

Journal Entries

Records of financial transactions in the chronological order made in the accounting journals.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses, managed through a system of replenishment.

Misc. Expense

Miscellaneous Expenses, generally small or irregular costs that don't fit into other categories of a company's financial statements.