According to the Textbook, the Term Used to Describe Two

question 56

Multiple Choice

According to the textbook, the term used to describe two people living together in a sexual relationship of some permanence, without being married to one another, is:

• A) hooking up.
• B) friends with benefits.
• C) engagement.
• D) cohabitation.

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Definitions:

Vouchers Payable

A liability account that records the obligation of the company to pay off a debt, typically for goods or services received.

Vouchers Payable

Vouchers payable is an accounting term for records that detail the amounts owed by a business to its suppliers or vendors for goods or services received.

Liability Account

An accounting record of amounts owed to creditors, representing claims against the company’s assets.

Voucher System

A control process in accounting where vouchers are used to authorize and record transactions before payments are made.