TeachMeFinance.com - explain profit center accounting
profit center accounting -- a method of accounting that identifies various segments of a business that are responsible for both revenues and expenses, as a way of measuring each segment's contribution to the profit of the company as a whole.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.