what is the meaning of Cost center?
- 6 Answers
- 11946 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / swetha naidu
A cost center is part of an organization that does not
produce direct profit and adds to the cost of running a
company. Examples of cost centers include research and
development departments, marketing departments, help desks
and customer service/contact centers.
| Is This Answer Correct ? | 26 Yes | 3 No |
Answer / venkat
Cost Centre is a code created by a Company for its internal
Departments (ex: Sales Dept, Pur Dept, Marketing Dept,
Finance Dept) to debit expenses according to the User Dept.
Costcentre shows the expenses incurred by user dept for the
Financial period and helps in Checking of Costs.
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / yadav kuldeep
cost centre mainly used by the company,firm and all
oraganisation for various site expense know under theier
rectifing . they used cost centre.
ex. delhi branch spend adv. Rs10000&
Mumbai branch spend Rs.5000
if we are entered in ledger adv. expen. but if we
applicable cost centre we recongnised mubai branch expence
and delhi.
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / mrs. sharma
CIMA defines cost centres as "a production or service, function, activity, or item of equipment whose cost may be attributed to cost units. A cost centre is the smallest organizational sub-unit for which separate cost allocation is attempted".
| Is This Answer Correct ? | 0 Yes | 0 No |
how pass journal entry in the month ending for input vat and out put vat
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
A sold a product for 20% profit to B, B sold for 10 % loss for 230. 1, What is sale price of A 2, if A have sold for 500 what is profit % Please explain step by step.
how to account pre incorporation expenses
Which of the following are of capital nature? (a) Purchase of a goods (b) Cost of repair (c) Wages paid for installation of machinery (d) Rent of a factory
Tell me what is trial balance in accounting?
Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00
WHAT IS TAX ? WHY SHOULD PAY TAX?WHAT IS THE NEED FOR PAYING TAX?
What is Goodwill?
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
if we import purchase of $ 20000 /rs. 80. but when we payment the party the price of Rs. 50. then how we make entry of this type of purchase.
Paid , life insurance premium Rs.2500
Audit 
