Difference between revisions of "Profit center"

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:[[Profit center]]. A unit or department that incurs costs and generates [[Fiscal Revenue|revenue]]s.
 
:[[Profit center]]. A unit or department that incurs costs and generates [[Fiscal Revenue|revenue]]s.
 
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]],
 
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]],
[[Profit center]]. Responsibility center where the manager is accountable for revenues and costs.
+
:[[Profit center]]. Responsibility center where the manager is accountable for revenues and costs.
  
 
==Related concepts==
 
==Related concepts==

Revision as of 12:47, 11 July 2020

Profit center is a unit or department that incurs costs and generates revenues.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Profit center. A unit or department that incurs costs and generates revenues.

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Profit center. Responsibility center where the manager is accountable for revenues and costs.

Related concepts

Related lectures