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If an expense is incurred during a financial year but not yet paid, which of the following changes will be reflected in the financial statements?

If an expense is incurred during a financial year but not yet paid, which of the following changes will be reflected in the financial statements? O A. Expenses and Assets will increase O B. Expenses and Liabilities will decrease O C. Expenses and Liabilities will increase OD. Expenses and Assets will decrease

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