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An adjusting entry is usually not required for an expense item when it is paid for and recorded in one period but not fully used
An adjusting entry is usually not required for an expense item when it is
paid for and recorded in one period but not fully used until a later period. |
used in one period but not paid for or recorded until a later period. |
paid for, recorded, and used in one period. |
budgeted but not paid for or used during the period. |
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