Meaning incurred
What does incurred mean? Here you find 2 meanings of the word incurred. You can also add a definition of incurred yourself

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incurred


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 was made. The second part of the necessary entry will b [..]
Source: accountingcoach.com

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incurred


A loss is "incurred" when it happens, although it may not be paid until later.
Source: amfam.com




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