Select the most appropriate option to fill in blank no. 4.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. incurred.
- The sentence refers that the principal will pay for the expenditure will be billed.
- Incurred refers to the expenses that have been charged or billed but have not yet been paid.
- Thus, "incurred" is the correct word.