Business Terms and Jargon Explained
What is Apportionment
Is where a cost is apportioned between to cost distinctions. e.g. two months
rent is apportioned between the two months. This could be apportioned between a
number of people, cost centers or departments etc.
When you buy a property the gas, electricity and council tax etc will have to
be apportion between the buyer and sell so each pay's for the period that they
owned the property.
In accounting this is a technique that is used so costs can be divided between cost
centers, cost persons and departments so as to give true costs for each.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
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
Term created / updated 2006-03-29 06:58:05
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2019 Scopulus Limited. All rights reserved.