What action corresponds to closing lines for items that are no longer expected to be received?

Closing lines for items that are no longer expected to be received is a specific action that involves modifying an existing transaction to reflect the current status of the order. When an item on an open order is determined to be unavailable or not arriving as originally planned, closing the line item allows the business to manage inventory accurately and communicate the correct details regarding the transaction.

This action is important because it ensures that the order reflects only the items that are still anticipated to be fulfilled. It helps maintain order accuracy, improves customer satisfaction by providing current information on their orders, and supports better inventory management practices.

The other options do not directly relate to the process of closing line items for unreceived goods. Canceling the order entails a more comprehensive action regarding the entire order rather than specific line items. Refunding the customer applies to transactions where payment has already been processed for items that will not be received, not necessarily about managing line items. Notifying the customer relates to communication but does not address the status of the order in the system, which is crucial for records and inventory control.