Accounting Dictionary - Letter P

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Profit center
is an organizational unit (e.g., product line, geographic area, division) in which a manager has responsibility for performance (i.e., both costs and revenues). Profit centers are used in responsibility accounting.
Go Back
Don't see the term you are looking for? Try searching our entire website:
Not a member?
See why people join our
online accounting course:
Free Study Notes
Download free accounting study notes by signing up for our free newsletter (example):
First Name:
E-mail:
We never share or sell your e-mail to third parties.