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

Key Differences

Know the Differences & Comparisons

Difference Between Competitive Advantage and Core Competence

Last updated on June 20, 2017 by Surbhi S

Competitive Advantage can be described as something, that the competing firms are not able to do, or it is something owned by the firm that the rivals firms wish to have. On the other extreme, Core competence is the distinct proficiency of the company, which cannot be imitated by its rivals. The two terms are closely related to one another, as these two, help in occupying a greater share of the market, satisfying customer, building brand loyalty, and delivering high-quality products to the … [Read more...]

Difference Between Cost Sheet and Production Account

Last updated on June 15, 2017 by Surbhi S

To determine the prices of products produced by the company, it is worthwhile for one to know the difference between cost sheet and production account. Cost sheet is a statement in which the details of expenses incurred on a particular product or job, during a specific period are presented. It is not exactly same as production account, which is nothing but an extended version of the statement of cost. When the cost sheet is presented in the form of account, it is known as Production account, … [Read more...]

Difference Between Cost Allocation and Cost Apportionment

Last updated on August 28, 2019 by Surbhi S

Departmentalization can be understood as a process of creating departments such as machining, personnel, fabrication, maintenance, stores, accounts, etc., in an organization, for the purpose of allocation and apportionment of overheads in a convenient way. The term allocation of cost is concerned with the complete cost items, whereas the apportionment of the cost is all about the proportion of cost items. Based on the relation of the cost item with the cost center or unit, to which it is … [Read more...]

Difference Between Joint Product and By-Product

Last updated on June 12, 2017 by Surbhi S

There are many industries such as sugar industries, chemical industries, agricultural product industries, etc., where more than one products of equal or differential importance are manufactured, either concurrently or during the production of the main product. In this context, joint products and by-products are often studied. Joint products are the products which are produced simultaneously, with the same raw material and process, and requires further processing to become a finished product … [Read more...]

Difference Between Pooling of Interest Method and Purchase Method

Last updated on June 10, 2017 by Surbhi S

Amalgamation implies a process of unification of two or more companies, which are involved in similar business to form a new company. As per Accounting Standard-14, Amalgamation can take place in two ways, i.e. in the nature of merger and in the nature of the purchase. When amalgamation is in the nature of merger the method of accounting used is the pooling of interest method, whereas is the amalgamation is in the nature of the purchase, purchase method of accounting is used. In pooling of … [Read more...]

Difference Between Traditional Budgeting and Zero-Based Budgeting

Last updated on June 8, 2017 by Surbhi S

Budgeting can be understood as the process of creating a budget, which is nothing but a quantitative statement of incomes and expenses, created and approved, for a specific period, which should be followed during that period, with the aim of achieving the objective. There are two types of budgeting techniques namely traditional budgeting - targets set in the previous year, budgeting is performed, by making certain additions and deductions, to reach the present budget and zero-based budgeting - … [Read more...]

Difference Between Internal and External Reconstruction

Last updated on June 8, 2017 by Surbhi S

Reconstruction is a process of the company's reorganization, concerning legal, operational, ownership and other structures, by revaluing assets and reassessing the liabilities. There are two methods of reconstruction which are internal reconstruction and external reconstruction. The former is the method in which the reconstruction is undertaken without winding up the company and forming a new one, while the latter, is one whereby the existing company loses its existence, and a new company is set … [Read more...]

Difference Between Open-Ended and Closed-Ended Mutual Funds

Last updated on June 6, 2017 by Surbhi S

Mutual funds can be described as a collective investment avenue. Investing in a mutual fund is like becoming a part-owner in the portfolio of investment. Based on the structure, a mutual fund is classified as open-ended and closed-ended. Open-ended funds, as the name suggests, are the type of mutual funds, wherein the investor can enter and exit anytime. On the other hand, closed-ended funds are the ones which the investor can buy during the IPO or from the stock exchange after they are … [Read more...]

Difference Between Decree and Order

Last updated on June 5, 2017 by Surbhi S

Law implies a body of rules which are recognized by a country to govern the action and behavior of the citizens. It can be grouped as substantive law - that ascertains the rights of the parties and procedural/adjective law - that determines the practice, procedure and machinery to implement the rights and duties. On the grounds of decree or order, a judgment is passed by the court. An order is nothing but a judgment while a decree is a final part of judgement. The primary difference between … [Read more...]

Difference Between Life Insurance and General Insurance

Last updated on June 1, 2017 by Surbhi S

The term insurance can be understood as an arrangement, in which the insurer commits to provide compensation for loss, damage, death, caused to the insured in return for the payment of the premium. There are two types of contract, life insurance, and general insurance. The insurance plan which covers the life-risk of the insured is called life insurance. On the other hand, the insurance plan which covers any risk other than the life-risk of an individual is called general insurance. Life … [Read more...]

  • « Previous Page
  • 1
  • …
  • 42
  • 43
  • 44
  • 45
  • 46
  • …
  • 84
  • 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 Sourcing and Procurement
  • Difference Between National Income and Per Capita Income
  • Difference Between Departmental Store and Multiple Shops
  • Difference Between Thesis and Research Paper
  • Difference Between MBO and MBE
  • Difference Between Receipt and Payment Account and Income and Expenditure Account
  • Difference Between Stock Dividend and Stock Split
  • Difference Between FOB and CIF Contracts
  • Difference Between Verification and Valuation
  • Difference Between Transfer and Promotion
fb-follow youtube follow

Copyright © 2023 · Key Differences · Contact Us · About Us · Privacy