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What Is The Operating Profit Or A Profit Center? |
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Answer» PROFIT centre is a MANAGMENT ORIENTED organizatinal unit created for internal controlling purpose. They say COST centre hierarchy can be copied as profit center hierarchy...may be that means wotever u TAKE as cost centre can be taken as a profit centre as well..e.g. departments in an organisation,or say products.But m not sure about it. Profit centre is a managment oriented organizatinal unit created for internal controlling purpose. They say cost centre hierarchy can be copied as profit center hierarchy...may be that means wotever u take as cost centre can be taken as a profit centre as well..e.g. departments in an organisation,or say products.But m not sure about it. |
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