In business and accounting terminology, you might have heard the terms, assets, and liabilities, quite often. Assets can be understood as the items of property, which an individual or company owns. They have a specific value and can be utilized to meet obligations like debt, commitment, and legacies. On the other hand, liabilities refers to the obligations of an individual or entity, which is required to be fulfilled, in future. In short, an asset is what a company owns, while the liability … [Read more...]
Difference Between Purchase Order and Sales Order
The purchase order is a written commercial document issued by the buyer to the seller, comprising of containing types, prices, quantity, quality and terms of the goods to be delivered. On the other hand, the sales order is a confirmation document prepared by the seller and sent to customers before the delivery of specified goods, at the customer's place. Both purchase order and sales order become binding, when the party to whom it is issued, accepts it. While purchase order authorizes the … [Read more...]
Difference Between Trade Discount and Cash Discount
A trade discount is one that is allowed by the wholesaler to the retailer, calculated on the list price of the product, whereas cash discount is allowed to stimulate instant payment of the goods purchased. The main difference between trade discount and cash discount is that ledger account is opened for a cash discount, but not for a trade discount. One of the easiest ways to increase sales and so boost profit, used by various traders, businessman, and shopkeepers all around the world, is to … [Read more...]
Difference Between MBA and PGDM
MBA stands for Master in Business Administration, is a degree course provided by a recognized university. On the other hand, Post Graduate Diploma in Management (PGDM) is a diploma program, provided by autonomous institutions and colleges, or deemed universities. Nowadays, students are very much concerned about their career, as they want to pursue such a course which not only give a boost to their career but provides various opportunities to learn new skills. This lands an individual to a … [Read more...]
Difference Between Nifty and Sensex
Stock Market is a place where trading in securities issued by the government, public corporations and joint stock companies are done. t is a commonplace for both the buyers and sellers to deal in the financial instruments like shares, debentures, bonds, currency etc. In India, the two most popular stock exchanges are BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). Nifty of NSE and Sensex of BSE are the flagship index of the two most popular stock market in India. A stock market … [Read more...]
Difference Between Credit Card and Debit Card
The difference between debit card and credit card is same as debit differs from credit. Debit means 'deduct' and so when an individual makes use of debit card, he is deducting money from the bank account linked to the card. The individual is able to spend that much amount of money, which is present in his bank account and not more than that. A debit card is like a cheque, from which money is subtracted from his/her personal savings/current account. Conversely, credit refers to money received … [Read more...]
Difference Between ATM card and Debit card
An ATM card is a payment card, issued to the customers on request by the bank, that facilitates a customer to access automated teller machine and withdraw money any time. On the other hand, debit card is one that enables the cardholder to make electronic transfer of funds from the account associated with the card, while making a purchase. Nowadays, it is quite gruesome to carry a lot of money with us and also the fear of getting it robbed by the thieves, has forced people to keep a larger … [Read more...]
Difference Between Direct Tax and Indirect Tax
Tax is defined as a financial obligation, it is a fee levied by the government of the respective country on income, goods, and activity. The main reason for imposing taxes is that they are the main source of revenue to the government. Taxes are broadly classified as a direct tax and indirect tax, wherein the former is charged directly on the income or wealth of the person, while the latter is imposed on the price of goods and services. In the case of a direct tax, the taxpayer is the person … [Read more...]
Difference Between Leader and Manager
There is always a buzz when we talk about a leader and the manager. Leadership is a skill and the person who possess this ability is known as a LEADER. On the other hand, Management is a discipline, and the practitioner of this discipline is known as the MANAGER. Leader and manager have a great role to play in any organization, in the sense that a leader is the one who inspires, encourages and influence his men, to work willingly, in the attainment of the organization's objectives. On the … [Read more...]
Difference Between LED and CFL Bulbs
The invention of Light Emitting Diode bulbs came out as the most awaited technological development, in the field of lighting and the reason being its energy efficiency, which saves a lot of energy. Before that, people tend to use Compact Fluorescent Bulbs which are also energy-efficient, but comparatively less. Think of the days when there is no light bulb and we tend to use candles, lanterns, or earthen lamps, at night or even during the days to lighten the dark place. So, how inconvenient … [Read more...]
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