Assertion: expense | /r/HasProperty | incurred
Facets:
value: not necessarily
type: DEGREE
Source sentences:
text: In contrast, under the accrual method, expenses are recorded when they are incurred.
text: Receipts and logs are normally provided in support of an expense report to verify that the expenses were actually incurred.
text: If using the accrual method of accounting, the expense is written off when the expense is incurred, i.e. a bill has been received for the item.
text: Incurred date is the exact date when the expense was incurred.
text: According to the accrual basis of accounting, expenses must be recorded when they are incurred, not necessarily when they are paid.
text: (Without the matching principle and the adjusting entry, the company might report the $6,000 of commissions expense in January rather than in December when the expense and the liability were incurred.)
text: This evidence should include items such as receipts, along with either a statement of expenses, an account book, a day-planner, or similar record in which the employee entered each expense at or near the time the expense was incurred.
text: Rules for deducting current expenses are fairly straightforward; you subtract the amounts spent from your business's gross income in the year the expenses were incurred.