what is the meaning of Cost center?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1543


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1094


Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.

1498


What is the difference between provision and reverse?

602


What is accounting ethics?

629






What are the accounting events that are frequently involved in compound entries?

662


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

1628


Are you comfortable with cold-calling?

613


What is the definition of offset accounting?

633


What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?

1616


what is the difference between profit center area and business are.? please make me clear.

1979


In accounting, how do you define the premises?

728


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

1557


What is fair value accounting definition?

778


please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.

4229