Webto come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. to become liable or subject to through one's own action; bring or … WebIncurred is defined as that you got something, or caused something to happen to yourself. An example of incurred is what happened to your debt when you used your credit cards …
Incurred legal definition of incurred
WebDec 7, 2024 · According to the Merriam-Webster dictionary, incur is defined as to cause yourself to have or experience something unpleasant or unwanted. But what does that have to do with accounting for expenses? In this article, we will learn what “incurred” means in accounting, and what it means when someone says incurred expenses or incurred costs. WebTo incur is to get or receive — and usually it's something you brought upon yourself. If you don't pay your credit card bills on time, you'll likely incur lots of fees and some serious … list of most controversial rock album covers
What is Incurred? - Definition Meaning Example - My Accounting …
WebDec 13, 2024 · An incurred cost is a cost arising from the consumption of an asset or service, or from a loss that has been sustained. Proper business planning requires management to have a detailed understanding of incurred costs in relation to revenues, in order to maintain an adequate level of profitability.Many companies compare their … WebFeb 3, 2024 · An incurred expense is a cost an accountant records on the date of a transaction that a company pays at a later date. Businesses typically plan for some regularly incurred expenses, while they incur other expenses based on … WebFind 22 ways to say INCUR, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus. imdb the sandlot 2