WebSep 30, 2024 · The difference between an incurred expense and a paid expense is whether an outstanding fee has been reimbursed. Incurred expenses have been charged or billed but are not yet paid. In other words, an expense incurred is the cost when an asset is consumed. A paid expense has been paid off by the company.

Incur a fee definition and meaning Collins English Dictionary

Webinflict verb 1 Cause (something unpleasant or painful) to be suffered by someone or something - ODO If the damage was malicious (someone else purposely caused the damage), then you might the damage was inflicted on them. If they brought the problem on themselves, then you can talk about the damage incurred. WebTo become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. West's Encyclopedia of American Law, edition 2. cinematography schools in usa

31 Synonyms & Antonyms of INCURRED - Merriam Webster

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 take upon oneself: to incur his displeasure. OTHER WORDS FOR incur 2 arouse, incite, provoke. See synonyms for incur on Thesaurus.com QUIZ WebIncurred expenses have been charged or billed but are not yet paid. In other words, an expense incurred is the cost when an asset is consumed. A paid expense has been paid … Webincur a fee. These examples have been automatically selected and may contain sensitive content that does not reflect the opinions or policies of Collins, or its parent company … cinematography shawshank redemption