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Which of the following best describes when an accrual adjustment is required? A- An expense has been incurred but not yet paid in cash. B-
Which of the following best describes when an accrual adjustment is required?
A- An expense has been incurred but not yet paid in cash.
B- An expense has been incurred and paid in cash.
C- An expense has not been incurred, but cash has been paid.
D- An expense has not been incurred nor has it been paid in cash.
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