Question

what are expenses?
and what is the meaning of incurred?​

Answer 1

Answer:

expenses:

the cost incurred in or required for something.

Explanation:

incured:

become subject to (something unwelcome or unpleasant) as a result of one's own behaviour or actions.

Answer 2

Answer:

Explanation:

An expense in accounting is the money spent, or costs incurred, by a business in their effort to generate revenues. Essentially, accounts expenses represent the cost of doing business; they are the sum of all the activities that result in (hopefully) a profit.

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.