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Revenue Center vs Profit Center

There is very small difference between revenue center and profit center. We can tell following point for showing its difference.

1. Definition

A revenue center is the part of organisation in which organisation gets revenue from sales of products or providing of services.

A profit center is the part of organisation in which organisation identify its net profit. We know that we can get net profit only comparing revenue with expenses. So, main duty of this part of organisation to make budget in which % margin of total revenue is fixed. Actual records are completed and financial results are shown.

2. Example 

Sales unit of Big Bazaar is the simple example of revenue center. When you go to big bazaar and buy the goods. Everything is recorded. So, this is like an revenue center.

Only accounting department is the profit center because accountant gets all the information of revenue from revenue department. He also gets all the information of cost and expenses from cost pools. After this, he compares it and gets the financial results. 

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Accounting Education: Revenue Center vs Profit Center
Revenue Center vs Profit Center
Accounting Education
https://www.svtuition.org/2012/02/revenue-center-vs-profit-center.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2012/02/revenue-center-vs-profit-center.html
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