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What is the difference between Department,Division and cost
center. could anyone please explain it vividly.
would appreciate anyone of the answer
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Answer Posted / guest
You can have a Hirearchy as below:
Cost center is like your Branch Office, for Example: You
have Company A and It can have multiple Divisions Like
Transport,Education,Development etc and each Division can
have different Departments like HR,Finance,Legal Etc., and
Each Department can be a Cost Center, it all depends how
you would like to categorize.
Hope this helps.
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