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.
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Term created / updated 2006-03-29 06:58:05
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