Cost center
Revision as of 11:33, 20 December 2018 by Gary (talk | contribs) (Created page with "Cost center is a unit or department that incurs costs but does not generate revenues. ==Definitions== According to College Accounting: A Practical A...")
Cost center is a unit or department that incurs costs but does not generate revenues.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Cost center. A unit or department that incurs costs but does not generate revenues.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
