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John Moffat.
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Isabella1
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Hello John,
I was unable to figure these terms but some how I managed to differentiate. Please correct me if I am wrong.Cost object can be anything for which cost can be calculated. It can be cost unit or cost centre.
Cost unit is a product or service on which can be incurred.
Cost centre is any place or department to which we can accumulate cost incurred till date to it.
John Moffat
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What you have typed is correct.
Isabella1
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