When One Refrains or Promises to Refrain from Doing Something

question 9

Multiple Choice

When one refrains or promises to refrain from doing something, this conduct is known as .

• A)duress
• B)forbearance
• C)negligence
• D)disaffirmation

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Definitions:

Purchase Orders

Official documents sent by a buyer to a seller specifying products, quantities, and agreed prices for products or services.

Cash Purchases

Transactions where goods or services are paid for with cash at the point of sale, without utilizing credit.

Inventory Without A Bill

Recording inventory items received before the actual invoice or bill is received to account for stock levels accurately.

Enter The Bill

The process of recording a bill or invoice received from a vendor in the accounting system for tracking and payment purposes.