Which of the Following Statements Most Accurately Describes the First

question 75

Multiple Choice

Which of the following statements most accurately describes the first law of thermodynamics?

• A)One usable form of energy cannot be completely converted into another usable form.
• B)One usable form of energy can be completely converted into another usable form.
• C)Energy cannot be created or destroyed.
• D)Energy can be neither created nor destroyed but it can be changed from one form to another.
• E)Energy cannot be transformed.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the payer's financial records but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a company, but not yet recorded by its bank, typically at the end of a financial period.

Bank Service Charge

A bank service charge is a fee imposed by a bank on its customers for the provision of banking services such as account maintenance, transactions, and overdrafts.

Petty Cash Fund

A little sum of money reserved for immediate outlays on diverse small expenditures.