Costing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2013 sir,pls can u explain me what is cost object? and also difference between cost object and cost center. pls help me sir..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 August 2013 Cost object is the product or service which required to capture the cost details

Cost center is the any object (like place,department,work etc) which required to capture some costs based on the cost nature

Under Cost object there may be multiple cost center

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Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 sir pls can u explain me with an example, so dat i would be mre clear abt dat..pls sir..

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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22 August 2013 Example if you want calculate the cost of any product or service, then that service or product called as object

Under that cost of service also may have different cost center like production, marketing, accounts etc.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2013 thanks a lot sirr..nw m vry much clear abt it..