• Business
  • Finance
  • Banking
  • Education
  • General
  • Law
  • Science
  • IT
  • English

Key Differences

Know the Differences & Comparisons

Difference Between NOPAT and Net Income

Last updated on July 26, 2018 by Surbhi S

Profit making is the main motto of every company. It works as an incentive to the entrepreneur for the risk taken by him, for running a business. It is like the fuel, which helps the business to survive, grow and expand in the long run. In business parlance, Net operating profit after tax, i.e. NOPAT, is the actual after-tax operating profit of the company or in simple terms, it is the earning of the company after interest and tax. Net Income, on the other hand, refers to the actual profit … [Read more...]

Difference Between Invoice and Receipt

Last updated on July 26, 2018 by Surbhi S

Both invoice and receipt are non-negotiable commercial instruments, which are used during the course of a transaction. While an invoice is a document, made by the seller and issued to the buyer, so as to authorize the sale. It contains the details of the goods and contains the name and address of the parties to transaction, price, discount, date, and place of delivery. In contrast, receipt, is a simple official acknowledgment, that the goods or services have been received. It is prepared by … [Read more...]

Difference Between Balance Sheet and Cash Flow Statement

Last updated on July 26, 2018 by Surbhi S

Cash flow Statement is as important as the other two parts (Profit & Loss Account and Balance Sheet) of the accounting information furnished in the form of financial statements at the end of the financial year. It is the statement which describes the flow of cash and cash equivalents in and out the organization. The statement is helpful to the stakeholders or say interested parties, in learning about the sources and uses of the company's cash during a particular financial year, from … [Read more...]

Difference Between Balance Sheet and Profit & Loss Account

Last updated on July 26, 2018 by Surbhi S

Balance Sheet, or otherwise known as position statement, is a statement which shows the financial position of the company on a specific date. It lists all the ownership, i.e. assets and owings, i.e. liabilities of the company. Profit & Loss Account, on the other hand, also known as income statement is the account that shows the revenue earned and expenses sustained by the company, during the course of business, in a financial year. The two statements are an integral part of the financial … [Read more...]

Difference Between Cost Accounting and Management Accounting

Last updated on July 26, 2018 by Surbhi S

Cost accounting is that branch of accounting which aims at generating information to control operations with a view to maximizing profits and efficiency of the company, that is why it is also termed control accounting. Conversely, management accounting is the type of accounting which assist management in planning and decision-making and thus known as decision accounting. The two accounting system plays a significant role, as the users are the internal management of the organization. While … [Read more...]

Difference Between Bankruptcy and Liquidation

Last updated on July 26, 2018 by Surbhi S

Bankruptcy can be understood as a financial state, whereby a person is declared insolvent by the court, resulting in legal orders directed to resolve insolvency, i.e. to dispose of personal assets to discharge obligations. On the other hand, liquidation may be defined as the process of winding up of company's affairs by disposing-off assets, in order to discharge liabilities of the debenture holders creditors, employees and other parties. While bankruptcy nothing but a legal scheme, wherein … [Read more...]

Difference Between Gross and Net Income

Last updated on July 26, 2018 by Surbhi S

Gross, as the name suggests is the entire amount received by the entity from any activity, without giving effect to deductions like expenses. Gross income means the amount by which revenue of the company supersedes cost of production. On the other hand, net is termed as the actual value left after giving effect to the deductions such as expenses. So, net income implies the actual income earned by the company after subtracting all expenses and losses. The terms gross income and net income is … [Read more...]

Differences Between Rules and Regulations

Last updated on July 26, 2018 by Surbhi S

Rules can be described as the guidelines or instructions of doing something correctly. these are the principles that govern the conduct or behavior or a person in an organization or country. On the other hand, regulations refer to the directives or statute enforced by law, in a particular country. The primary difference between rules and regulation is that while the former do not as such have a legal binding, the latter have a legal binding. As these two terms are used in the same breath, … [Read more...]

Difference Between Accounting Profit and Taxable Profit

Last updated on July 26, 2018 by Surbhi S

The meaning of profit is different to different persons, i.e. businessmen, accountant, workers, tax collectors, economist etc. For an accountant, profit means the excess of revenues over expenses, which is known as Accounting profit. At the time of computing accounting profit, only explicit costs, i.e. book costs are considered. The concept of accounting profit differs from taxable profit, in the sense that the latter is the amount which is taxable as per the provisions of the income tax act. … [Read more...]

Difference Between Income Statement and Cash Flow Statement

Last updated on July 26, 2018 by Surbhi S

Income Statement reflects the net profit or loss from the business activities for a particular accounting period. On the other hand, cash flow statement keeps a record of overall changes in the cash and cash equivalents of the business organization during a particular financial year. Financial Statement refers to the official record of the financial activities and the overall position of the business entity. It is the final destination of the whole process of accounting, which comprises of … [Read more...]

  • « Previous Page
  • 1
  • …
  • 12
  • 13
  • 14
  • 15
  • 16
  • …
  • 20
  • Next Page »

Top 5 Differences

  • Difference Between PERT and CPM
  • Difference Between Micro and Macro Economics
  • Difference Between Developed Countries and Developing Countries
  • Difference Between Management and Administration
  • Difference Between Qualitative and Quantitative Research



New Additions

  • Difference Between Budget Line and Budget Set
  • Difference Between Active and Passive Learning
  • Difference Between Active Listening and Passive Listening
  • Difference Between Traditional Marketing and Digital Marketing
  • Difference Between Primary Group and Secondary Group
  • Difference Between Real Flow and Money Flow
  • Difference Between Stock and Flow
  • Difference Between Single Use Plan and Standing Plan
  • Difference Between Autonomous Investment and Induced Investment
  • Difference Between Packaging and Labelling

Copyright © 2021 · Key Differences · Contact Us · About Us · Privacy