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?
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.
There is no difference
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.