The Term ____________________  Refers to a Situation Today Where Courts

question 53

Short Answer

The term ____________________  refers to a situation today where courts are inclined to rule in favor of prison officials and give them freedom in decisions regarding running the prison.

---

Definitions:

Periodic Inventory Method

A system of inventory management and cost determination that updates the ending inventory balance and the cost of goods sold only at the end of an accounting period.

Purchases

Transactions involving the acquisition of goods or services for personal use, resale, or business operations.

Voucher Register

A record or log of vouchers that have been prepared, detailing the authorization of transactions and payments.

Liability

An obligation of the company arising from past transactions or events, the settlement of which may result in the transfer of assets, provision of services, or other yielding of economic benefits in the future.