what is the meaning of Cost center?
- 6 Answers
- 14661 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 |
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
AFTER MY QUALIFICATION WHAT IS THE UNIQUE THING ABOUT ME THAT COMPANIES EXPECT?
describe any accounting process that you have developed or revised
What is deffered tax liability / assets?
What is the entry to be made when any service tax is paid for any vehicle hired or any service used when tax is included in that bill
how to adding entries in tally complete new company
My Annual salary 180000/- and house rent income 24000/- and for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim so please explain me with detals how caluclate the tax which is paid to department. Please give all details of calucation.
What is mean by Amortization?
Mr. S wants to set bank reconciliation start date, from where will he activate the same Answer A. Ledger creation B. Accounting feature C. Configuration window D. Display
what is core Accounting? explan in brief?
What is a ledger in regards to accounting?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Audit 
