hi
what is the difference between cost centre and department?
difference between cost centre and department
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- Location: India
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- Posts: 30
- Joined: Fri Nov 10, 2006 3:15 am
- Location: Pakistan
the formal definition of cost center and department is
<b>Cost Center</b>
A logical grouping of one or more related activities and/or organizational units into a common pool for the purpose of identifying the cost incurred for performing all of those activities.
<b>Department</b>
A department is a part of a larger organization with a specific responsibility.
main difference is cost center have location and department, and department is a sub set of cost center
<b>Cost Center</b>
A logical grouping of one or more related activities and/or organizational units into a common pool for the purpose of identifying the cost incurred for performing all of those activities.
<b>Department</b>
A department is a part of a larger organization with a specific responsibility.
main difference is cost center have location and department, and department is a sub set of cost center
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