It is true that a promise by one party to pay another for
refraining from an act is enforceable. The deed is being true to one’s own word
and it is also considered as a business and personal law. If there’s a contract
involved, the more it is enforceable.
Answer:
B. Economics
Explanation:
In the field of accounting, there are specialized areas such as financial accounting, managerial accounting, cost accounting, auditing, tax accounting, AIS, forensic accounting, and fiduciary.
Economics is not considered a specialized field of accounting because it is too broad to be considered pure accounting as it takes into account various aspects of social science that is not related to accounting.
Economics is more of social science than accounting.
