Which of the Following Best Describes an Open System

question 49

Multiple Choice

Which of the following best describes an open system?

• A) Matter and energy are freely exchanged with the surroundings.
• B) Energy is exchanged with the surroundings but matter is not.
• C) Matter is exchanged with the surroundings but energy is not.
• D) Neither matter nor energy is exchanged with the surroundings.

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Definitions:

Transactions

Financial events that involve the transfer of value between two parties, recording in accounting records.

Source Document

An original record or document that contains the details of a business transaction, used as the basis for recording and validating financial data.

Trial Balance

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

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense. Opposite of a debit.