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Cost centre

Costing

Whatâ??s a cost centre? Whatâ??s the difference between a cost centre and a cost object?

Aman Mahajan

CA Final

★ 19K+

25-Jan-21 21:08

328

Answers (1)

Cost centre is defined as a location, person or an item of equipment or group of these for which costs may be ascertained. Example - In process costing each and every process is called cost centre Cost unit - On the basis of same above example we can say cost unit is - Output of each process