Japtj
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
Japtj
cost center investment center profit center revenue center
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
whats the difference between cost and list?
There is no difference
responsibility center managers, who in turn, distribute the funds to cost center managers.
Cost Centre: It is that department in factory where all costs are pooled or costs are allocated. Profit Centre: Is is that department where only profit is pooled like sales department.
what is the difference?
Cost center is a non-revenue producing element of an organization where costs are separately figured and allocated and for which someone is held personally responsible. And a revenue center is distinctly identifiable place, department or unit that directly generates the revenue through sales of good or services.