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what is the meaning of Cost center?

Answer Posted / venkat

Cost Centre is a code created by a Company for its internal
Departments (ex: Sales Dept, Pur Dept, Marketing Dept,
Finance Dept) to debit expenses according to the User Dept.

Costcentre shows the expenses incurred by user dept for the
Financial period and helps in Checking of Costs.

Is This Answer Correct ?    23 Yes 3 No



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