Can we have Cost Centre by Projects while creating a cost transaction for a Project?

Summary:

We have a requirement to display a list of cost centres for users to select from on each cost line. The list of cost centres should be based on the selected project (during the creation of an AP invoice, purchase order, etc.).

For example, when a user creates an AP invoice for a specific project, only 5 cost centres should be available for selection out of the 50 cost centres defined in the organization. When the user selects another project that accepts costs from 7 cost centres, only those 7 cost centres should be available for selection.

How can we achieve this in the the system to display only the relevant cost centres when creating transactions for a specific project?