Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Differentiate between a profit center and an investment center.
Concept Introduction:
Cost center:
Cost center incurs the costs and does not generate the revenue directly.
Investment Center:
Investment center takes care of revenue, cost and investment.
Profit Center:
Profit center generate revenue and incur expenses.
To Indicate:
The difference between the profit center and investment center.
The profit center is responsible for generating profits whereas the investment center takes care of revenue, cost and investment.
All the factors of investments centers (revenue, expe...
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