Question: The primary difference between deferred and accrued expenses is that deferred expenses have been incurred and accrued expenses have not been recorded and accrued expenses

The primary difference between deferred and accrued expenses is that deferred expenses have
been incurred and accrued expenses have not
been recorded and accrued expenses have not been incurred
have been recorded and need to be brought up to date and accrued expenses have been incured but not recorded prior to the adjusting process.
not been recorded and acerued expenses have been incuried
The primary difference between deferred and accrued expenses is that deferred

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