In accounting glossary, the term depreciation is often used, for writing off the value of the asset over its useful life. It is nothing but the decrease in the value of the fixed asset because of continuous use, the passage of time and technological obsolescence. There are nine different methods of calculating depreciation of assets out of which straight line method and written down value method is widely used. In straight line method (SLM), an equal amount of depreciation is written off every … [Read more...]
Difference Between Art and Craft
Weaving, painting, sculpture, pottery, photography, embroidery, macrame, etc. is it art or craft? These are two forms of creativity that are commonly juxtaposed by the people, as they don't see any difference in them. But the fact is that art is different from the craft in a sense that art is a creative merit that comes from within. On the contrary, the craft is skilled work, wherein there is an application of technique, that people learn through much practice. Next, art emerges from the … [Read more...]
Difference Between Objective and Subjective
There are a number of philosophical issues, relating to the questions of objectivity and subjectivity of a statement, judgement, information, point of view or anything else. A statement is said to be objective when it is based on facts, and it can be proved easily and is impossible to deny. Although in the absence of facts on a matter, then the statement becomes subjective, as the speaker presents his/her opinion, which is always biased. Subjective perspective is based on personal feelings, … [Read more...]
Difference Between Culture and Society
Society is nothing but an organised group of people who live together and are connected with one another. It is not exactly same as culture, which can be understood as the way of living of people living in a particular place or region. Every society has its culture, but they are not the same thing. Although, they cannot exist without each other. Culture has certain values, custom, beliefs and social behaviour, whereas society encompasses people who share mutual beliefs, values and way of … [Read more...]
Difference Between FERA and FEMA
Foreign Exchange Management Act, 1999 (FEMA) emerged as a replacement or say an improvement over the old Foreign Exchange Regulation Act, 1973 (FERA). Foreign investors, frequently hear the terms FERA and FEMA, when they deal with India. As their name specifies, FERA lays emphasis on the regulation of currencies, whereas the FEMA manages foreign exchange, i.e. forex. The first and foremost difference between FERA and FEMA is that the former requires previous approval of Reserve Bank of India … [Read more...]
Difference Between Urban and Rural
Based on the density of population, development, amenities, employment opportunities, education, etc. human settlement is majorly divided into two categories i.e. Urban and Rural. Urban refers to a human settlement where the rate of urbanisation and industrialisation is high. On the other hand, in a rural settlement, is one where the rate of urbanisation is quite slow. Another important difference between the two human settlements is that while urban areas are highly populated, rural areas … [Read more...]
Difference Between Licensing and Franchising
Many think that franchising and licensing are same, but the fact is that they are different, only the advantages of franchising are similar to those of licensing. The first and foremost difference between licensing and franchising are that the former is mainly associated with the production and marketing of goods while the latter is related to the service business. When it comes to business expansion, the first thing that strikes our mind is 'international business' a term we hear frequently, … [Read more...]
Difference Between Autobiography and Memoir
An autobiography differs from a memoir in a sense that an autobiography covers all the events of the narrator's life in chronological order, whereas a memoir is a real-life experience of the author, that has a lesson or message to share with the readers. Due to many similarities between these two, many people get a bit confused and don't understand, which form of literature is an autobiography and which one is a memoir. While an autobiography covers the entire life of the writer, the memoir … [Read more...]
Difference Between Personality and Character
While personality shows what you are outside or what you are to the world, character reveals what you are inside. As these are directly related to a person's attitude and behaviour, most people get confused between these two easily. We all are same in many ways like we all have got the same human body, nature, feelings, mind and so on. But if you observe deeply you will find that every human being has certain different traits and habits that make him/her unique. It is a fact that two persons … [Read more...]
Difference Between Faculty and Staff
When it comes to education, there are many people involved in the educational institutions that help in successfully imparting education to the students. These include both academic and non-academic workforce. In this context, you have often heard the terms faculty and staff, end number of times in your day to day life. Faculty refers to the academic staff of the institution that can be your subject teachers or other teachers of your school or college. On the other hand, staff simply means … [Read more...]
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