Webincurred definition. A word used by accountants to communicate that an expense has occurred and needs to be recognized on the income statement even though no payment … WebThe expense was incurred when FNC took possession of the dryer. They incurred an expense because they now owe the dryer company for the piece of equipment. This means that, the transaction must be recorded on August 18. Summary Definition. Define Incurred: Incur means to use a resource and record it in an accounting system.
Incurred Definition - Meaning And Usage In A Sentence
WebMar 30, 2024 · This may involve a detailed study or observation of operations in terms of material, labor and equipment usage. The most effective control is achieved by identifying standards for quantities of material, labor and services to be used in an operation, rather than an overall total product cost. Webincurs; incurred; incurring. Britannica Dictionary definition of INCUR [+ object] formal: to cause yourself to have or experience (something unpleasant or unwanted) incur expenses/debt. What did he do to incur such wrath? [+] more examples [-] hide examples [+] Example sentences [-] Hide examples. in a spherical symmetric charge distribution
Incur definition and meaning Collins English Dictionary
Web: to become liable or subject to : bring down upon oneself incur expenses Did you know? Incur vs. Occur Incur bears a strong family resemblance to another English verb, occur. If you are confused by their similarities, a glance back at their Latin roots might help you to … WebThe general management of county affairs is intrusted to three commissioners elected by districts, but these commissioners are not permitted to incur extraordinary expenses or … WebDefinition: to give (someone) money that is due for work done, goods received, or a debt incurred. Usage/Grammar. Ad-free Patron: To remove ads or/and unlock premium content, subscribe today or learn more about the features . in a spin norwich