What is the use of Cost center

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Question Posted / chowdary

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What is the use of Cost center..

Answer / naveen

Cost center is useful to determine the total cost of a
particular dept/biz center, for a given period[may be
monthly,quarterly or annualy] in order to analyse the past
trend and to use for budgeting/forecasting purpose for a
particular center

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What is the use of Cost center..

Answer / kiran

it helps in ascertaining d over all cost of each department
in the company

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What is the use of Cost center..

Answer / apeksha

A unit or organization for which costs are accumulated or computed.
Cost centers are used to account for related revenues and expenses.

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What is the use of Cost center..

Answer / gsrao

we Generally assign these qualifiers to "DEPARTMENT" segments where costs are spend or even gain

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What is the use of Cost center..

Answer / bala

Cost Center is useful for Asset and Project modules. A
Cost centerwise report is also available in Assets .

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