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cost centre = the department which activities cash disbursement profit centre = the department which activities making cash
Cost centers - http://en.wikipedia.org/wiki/Cost_center Profit center - http://en.wikipedia.org/wiki/Profit_center Investment center - http://en.wikipedia.org/wiki/Investment_center
A cost unit refers to the actual products. The cost center refers to all the departments in a business organization.
difference between cost and costing