Profit center

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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