Question: If a resource has been consumed but an invoice has not been received at the end of the accounting period, then: a. an expense should

If a resource has been consumed but an invoice has not

been received at the end of the accounting period, then: a. an

If a resource has been consumed but an invoice has not been received at the end of the accounting period, then: a. an expense should be recorded when the cash is paid out b. an expense should be recorded when the invoice is received c. an adjusting entry should be recorded to recognise the expense. d. it is optional whether to record the expense before the invoice is received

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