Occurred, Occured, or Ocurred Which Spelling Is Right?

Let’s take a quick look at the meaning of occurred, how to use it in sentences, and how to get the spelling correct every time. Here are a few examples of the correct spelling of occurred in a sentence. Incurred debt always requires some action by the person or company that acquires it. Often the action is the signing of a loan, rental lease or service contract. Another key feature of incurred debt is that it typically remains valid for a specific amount of time. The last key feature of incurred debt is that it decreases the amount of disposable income you have available.

Examples of incur in a Sentence

Here, the policyholder was never liable for those charges, and she was never charged the difference by her doctors. Accordingly, she never “incurred” those charges, and the complaint was properly dismissed. If you cannot meet the financial obligations of your business, the company may declare bankruptcy.

You enter an accrued liability into your books at the end of an accounting period. In the next period, you reverse the accrued liabilities journal entry after paying the debt. An accrued liability occurs when you gain a debt, or incur an expense that you have not paid. Paid expenses are incurred expenses that you have paid for.

The revenue for each period is matched to the expenses incurred in earning that revenue during the same accounting period. For example, sale commission expenses will be recorded in the period that the related sales are reported, regardless of when the commission was actually paid. Bankruptcy is a legal process that allows a business to sell off its assets and close its doors or restructure to continue operations.

How to Spell Occured Correctly

Recording an amount as an accrual provides a company with a more comprehensive look at its financial situation. There is a general spelling rule that when a verb ends in a consonant, the consonant is sometimes doubled before adding the –ed. We’ll be the first to admit that spelling English words can be a little challenging. Incurred debt is negative, however, when the amount you owe exceeds the amount you can repay, or when the lack of proper budgeting and payment planning prevents you from paying the debt off.

Difference Between Incurred Expenses & Paid Expenses

The word occurred is simply the past tense or past participle of the word occur. If you’ve spelt it incorrectly the tool will highlight it and show the correct spelling. If you’ve misspelt it intentionally, then you can simply ignore the prompt. Of course, you can always use ProWritingAid to check if you’re spelling occurred correctly. Note that the term damage may have a more narrow / specialist legal definition here than in the usage described in the paragraphs above.

When you pay the amount due, you reverse the original entry. Usually, accrued liabilities occur in one period, and you pay the expense in the next period. To happen; to take place; as, I will write if opportunity occurs.

• An incurred expense is a cost that your business owes when receiving goods or services.
• Here are a few examples of occurred being used in sentences.
• In business, the phrase “incurred expenses” typically refers to costs incurred that have not been paid.
• If you’ve misspelt it intentionally, then you can simply ignore the prompt.

It’s never occurred to me that the stars are still up there shining even in the daytime when we can’t see them. I liked to stay in bed for hours, even during the day with covers pulled up to my chin. It was good in there, nothing ever occurred in there, no people, nothing. To give you a better understanding of what the word occurred means, here are some synonyms for occurred.

For instance, when a business hires a contractor to do work for a day, it incurs an expense because the contractor expects payment for the services that he has performed. If the business gives the contractor cash for the services performed at the end of the day, the incurred expenses become a paid expense. For instance, if you pay a bill with a credit card because your paycheck arrives late and you subsequently pay the credit card balance as soon as possible, you may avoid financial trouble.

• As long as you make payments as agreed and on time, you usually will have no legal difficulty.
• Part of this incurred expense — the down payment — has been paid, while the rest is still due.
• Losses are incurred, obligations to pay are incurred, expenses are incurred, and liabilities are incurred under various forms of insurance and reinsurance agreements.
• If your company amasses too much debt and too many outstanding expenses, it might be unable to meet its obligations, which can lead to default.
• Also, incurring some debt is required to obtain a favorable credit rating, provided that debt is handled responsibly.

Sentence case: meaning, examples, and checkers

Bankruptcy can cancel or reduce certain debts, which makes it easier for you to pay off incurred expenses that remain. Bankruptcy is typically considered a method of last resort for dealing with accumulated expenses, as it can have a severe negative impact on the business’s ability to qualify for credit. An incurred expense is a cost that your business owes when receiving goods or services. In business, the phrase “incurred expenses” typically refers to costs incurred that have not been paid.

Editing Tips from Professional Writers

Accrual accounting is built on a timing and matching principle. In a word with two or more syllables and where the final syllable is stressed, the final consonant should be doubled. Occur fits this requirement, so there are two sets of double consonants in occurred. The word “incurred” is used in various contexts in insurance and reinsurance. Losses are incurred, obligations to pay are incurred, expenses are incurred, and liabilities are incurred under various forms of insurance and reinsurance agreements.

As long as you make payments as agreed and on time, you usually will have no legal difficulty. The use of accruals allows a business to look beyond simple cash flow. In a cash-based accounting approach, a company records only the transactions where cash changes hands. Accruals form the base for accrual accounting and incorporate all transactions, including accounts receivable, accounts payable, employee salaries, etc.

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. If the damage was caused by a natural catastrophe, it was simply damage sustained by them. Now that you know the meaning of the word, let’s dig into the different spellings and which one you should use in your writing.

To come to the mind; to arise in the mind; to suggest itself; to be presented to the imagination or memory; – of an idea or thought; as, it never occurred to me to call John to ask. Occurred is the past tense of the verb occur, which has three definitions. 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 tell them apart.

For example, if you bought a new couch in January and paid cash, you incurred that expense when you ordered it. If you purchased a new computer in February and put it on a credit card, you incurred the expense in February, even if you won’t pay the credit card company until later. If you bought a car with a incurred vs occurred loan, you have incurred the expense of the loan, including the down payment, monthly payments, interest and turn-in fees.