Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Chapter 25 - Departmentalized Profit and Cost Centers
Chapter 25
Departmentalized Profit and Cost Centers
1. For accounting purposes, both revenue and cost data are accumulated for a profit center.
2. A company may have several cost centers, but it can have only one profit center.
3. In departmental accounting, any costs and expenses not directly related to a specific
department are allocated to all departments.
