what is the meaning of Cost center?

Answer Posted / dinesh

cost centre may be an item of equipment, a person, a deptt
etc from where cost is recovered.
this is basically recording a cost / expense in appropriate
place / group / centre.

Is This Answer Correct ?    7 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain the types of ledger?

3566


what is bank aceleted?

1650


purchase plant and machinery

1102


in Tally what is cost cenre,cost categori and why we need to prepare them

1603


Do you know partitioning in accounting?

619






Sold goods to Gasha 600 by cash

839


informance about performance is disclosed by

1795


Definition of push down accounting

637


What is meant by balancing?

596


Tell us in balance sheet, where do you show tds?

601


What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.

2783


Mention what are things will not be included in a bank reconciliation statement?

664


What are the differences between contrast bookkeeping and accounting

614


What are premises in accounting sense? What is vat adjustment?

628


What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

1987