Incorrect spelling, explanation: this form is a misspelling, because the origin of possible is Latin word posse (to be able to). It is written with double s and so is English modern word possible. Therefore
posible is incorrect and possible is the correct form.
Correct spelling, explanation: possible comes from Latin word posse, which means to be able to, with suffix -ibilis (-ible). Therefore, as the original word is spelled with double s, possible is the correct form.
Posible is a misspelling, probably made due to the fact, that second s in not well heard in pronunciation.
Definition of possible:
adjective, that may happen or exist
You can return your purchase within 7 days or change it to a different item – both options are possible.
We are still waiting for Terry. It’s possible she’s stuck in a traffic jam.
Idioms and phrases with possible:
as soon as possible, in the fastest possible manner
I will try to do this project as soon as possible.
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