Which of the following best describes when an accrual adjustment is required? An expense has not… 1 answer below »

 
   

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