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Key Differences

Know the Differences & Comparisons

Difference Between Circular and Notice

Last updated on December 23, 2021 by Surbhi S

Notice and circulars are used as a form of written communication, to give or exchange information with the staff. Notices are commonly found on a notice board, specially meant to bring attention to the people who pass by. On the other hand, Circulars are the tool of internal communication that is used to convey the message to various addressees within the organization. It is brief and formal. The notice covers the information which we want to be noticed (paid attention to) by a maximum number … [Read more...]

Difference Between APC and MPC

Last updated on December 20, 2021 by Surbhi S

APC and MPC are two concepts in economics, which sound similar. However, while average propensity to consume (APC) can be described as the fraction of aggregate consumption to aggregate income, marginal propensity to consume (MPC) is the fraction of change in the consumption expenses, to income. What is Propensity to Consume? Propensity is the inclination towards something that drives your behavior in a definite manner. So propensity to consume is the drive to consume corresponding to income. … [Read more...]

Difference Between Ungrouped Data and Grouped Data

Last updated on December 7, 2021 by Surbhi S

Collection of data is the first step in the field of research and once the collection process is complete the next step is to look for ways to condense and arrange the data, to study their characteristics. This process is known as the presentation of data. Data in its original form which the researcher first collects from research is termed ungrouped data. In simple words, ungrouped data or raw data is a mere list of numbers that does not convey anything. This is because no summarization or … [Read more...]

Difference Between Allowances and Perquisites

Last updated on December 3, 2021 by Surbhi S

Allowance refers to the financial benefit which an employer provides to employees in addition to the basic salary they draw, so as to meet the expenses that employees may incur to perform the job or because of it. Conversely, perquisites refer to a financial benefit which an employer provides to an employee because of their job or the designation they hold. These are like add ons to an employee's compensation. It facilitates the management of a number of expenses for which the employee does … [Read more...]

Difference Between Normal Loss and Abnormal Loss

Last updated on November 22, 2021 by Surbhi S

Normal loss is an unalienable loss, that occurs during the production process. These losses are immediately recorded in the books of accounts and apportioned over the remaining product units. On the other hand, any loss arising accidentally due to unforeseen events is termed as an abnormal loss. As these are considered as an expense to the company, the cost is not included in the cost of production. Losses generally occur at the time of processing input during the process. Such losses arise … [Read more...]

Difference Between Cost Audit and Management Audit

Last updated on November 16, 2021 by Surbhi S

Management Audit refers to an independent examination of the managerial activities undertaken at different levels of the management so as to determine its functions, efficiency and achievement. On the other hand, Cost Audit refers to the process of authenticating the cost of production, based on the accounts, concerning the use of material, labour and overheads, which a company maintains. What does the word 'Independent' mean in Auditing? 'Independent' means the opinion which an auditor … [Read more...]

Difference Between Unqualified and Qualified Report

Last updated on May 24, 2022 by Surbhi S

When the auditor is completely satisfied with the truth and fairness of the financial statements of the company's accounts not have any qualifications, i.e. negative statements. Such a report is called an unqualified or clean report. Contrarily, there are instances when the auditor qualifies the audit report, when the company's financial records are not kept as per the generally accepted accounting principles, however, no misrepresentations are found. In such a case, the report issued by the … [Read more...]

Difference Between Multi-Channel and Omni-Channel

Last updated on October 27, 2021 by Surbhi S

While in multichannel retailing many channels of distribution are used to focus on the product, in omnichannel retailing, different channels of distribution are used by the marketer to focus on the customer. We all know that customers have multiple options today from where they can buy products, but they have lacks time and attention. In this way, various approaches to marketing are used by marketers these days. Of these approaches, the two most common ones are - Multi-Channel Retailing and … [Read more...]

Difference Between Listed Company and Unlisted Company

Last updated on October 27, 2021 by Surbhi S

Based on access to capital, the companies are classified into listed companies and unlisted companies. Every listed company is a public company, but vice versa may not be true. Further, an unlisted company can be a private limited company or a public limited company. For the purpose of trading in the stock market, a company must list its securities in the stock exchange, which implies that the company's name is registered in the Stock Exchange. Here, it is to be noted that equity securities … [Read more...]

Difference Between Managing Director and Whole time Director

Last updated on October 8, 2021 by Surbhi S

Do you guys know that only directors can be managing directors of the company, but any person with the requisite qualification can become a whole-time director of the company? There is always confusion regarding the roles and functions of the Managing Director and Whole-time Director. Who are Directors? As the name suggests, directors are the officers of the company who are appointed with an aim of directing and supervising the company's affairs. According to the Companies Act, the term … [Read more...]

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Top 5 Differences

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  • Difference Between DMAIC and DMADV
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  • Difference Between Forecasting and Prediction
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