What is the meaning cost centre?

43 Views|Posted 8 years ago
Asked by Venkatreddy C
1 Answer
Sunil Soni
8 years ago
A cost center is a department within an organisation that does not directly add to profit but still costs the organisation money to operate. Cost centers only contribute to a company's profitability indirectly, unlike a profit center, which contributes to profitability directly through its actions.

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