While both thesis and research papers are academic writings, there is a difference between the two. A thesis refers to a scholarly research report that a scholar writes and submits for fulfilling academic requirements and obtaining a higher degree. It opens up various lines of enquiry into a range of possibilities like an antithesis. On the other hand, a research paper is analytical, argumentative and interpretative in nature. It involves the pursuit of knowledge and intelligent analysis of … [Read more...]
Difference Between MBO and MBE
MBO and MBE are the two models of management. The aim of these two models is to help the management focus on the attainable and ultimate goal, as well as to channelise their efforts into the achievement of the best possible results with the help of available resources at that point in time. MBO is an acronym for Management by Objectives. MBO is a system of management wherein each member takes part in the organization effectively. Conversely, MBE is a short form for Management by Exception. … [Read more...]
Difference Between Receipt and Payment Account and Income and Expenditure Account
Do you know non-profit organizations don't need to maintain a large set of books of accounts? However, they need to prepare financial statements at the end of every financial year. So, for this purpose, they prepare receipt and payment accounts and income and expenditure accounts and a Balance Sheet. While receipt and payment account is a simple summary of cash and bank transactions. On the other hand, the income and expenditure account reflects the income and expenditure of the current year … [Read more...]
Difference Between Stock Dividend and Stock Split
Generally, a company gives two kinds of dividends to its shareholders - cash dividends and stock dividends. A cash dividend is one in which the company distributes a definite amount of money to each shareholder for each share owned. On the other hand, a stock dividend is obtained from distributable equity in the form of stock. Oppositely, Stock Split is another action which the company takes, in which the number of shares held by a shareholder gets multiplied. In this, what exactly happens is … [Read more...]
Difference Between FOB and CIF Contracts
Have you any idea of the shipping agreements? There are two famous international shipping agreements, i.e. CIF contract and the FOB contract. These contracts are used for the transportation of goods between the buyer and seller. In FOB contracts, the seller's duty is to load the goods onto the ship proposed by the buyer. As against, in CIF contracts, the duty of the seller is to deliver the goods to the shipping company for transmitting them to the buyer. Do you know? FOB and CIF contracts … [Read more...]
Difference Between Verification and Valuation
In auditing, verification implies the process of checking the accuracy of the value of assets and liability. The auditor checks the accuracy with regard to the title and the existence of the assets and liabilities as the company's books reflect. Valuation of assets means the determination of the value of the specific asset of the enterprise on the balance sheet date. It involves testing the correct value of assets depending upon their utility. In short, it is all about finding out the … [Read more...]
Difference Between Transfer and Promotion
Promotion is an upward movement on the organizational ladder. It involves shifting an employee from a lower designation to a higher designation. On taking charge of the higher position, the employee will have greater authority, status, responsibilities, and so forth. And at the same time, he will get better remuneration and emoluments. But, the transfer is a lateral move on the organizational ladder. It involves shifting an employee from one place to another, like one branch or department to … [Read more...]
Difference Between Provision and Contingent Liability
The provision refers to a liability whose amount and timing of occurrence are not definite. We create provisions as a charge against profit so as to meet the loss or decrease in the asset's value. It is a liability that one can measure with a substantial degree of estimation. But contingent liability, is not a real liability. This is because it is not predictable that there will be a need for an outflow of financial resources to settle obligations. Hence, the confirmation of the existence of … [Read more...]
Difference Between Intraday and Delivery Trading
Intraday Trading is one in which the purchasing and selling of stocks take place within the same day before the market closes. As against, Delivery Trading is the type of trading in which the investor buys shares one day and sells the same on a later date after holding them for some days. This means that the investor purchases shares and then holds them for a certain period. Thereafter, on the delivery of the stocks, it appears in his/her Demat Account. Investors can sell the stocks whenever … [Read more...]
Difference Between Bearer Cheque and Order Cheque
Bearer cheques are the ones on which payment is made to the bearer, i.e. the holder of the cheque who presents it to the bank. But order cheques are just the opposite, as only that person whose name the drawer writes on the cheque as the payee can take the payment. Further, the payee can pass this cheque to another party by signing on the back of the cheque, who can take payment on the payee's behalf. The best way to identify whether a cheque is an order or bearer is to look for the words in … [Read more...]
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