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    College Accounting Study Set 1
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    Exam 1: Accounting Concepts and Procedures
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    An Expense Should Be Recorded When
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An Expense Should Be Recorded When

Question 51

Question 51

Multiple Choice

An expense should be recorded when:


A) the bill is paid.
B) the expense is incurred.
C) a bill is received in the mail.
D) None of the above is correct.

Correct Answer:

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