With the emergence of new trends of doing business, nowadays people need not wait in queue for a long time just to buy a single article. However, traditional commerce is still in vogue, but every second person uses the latest modes of trading i.e. electronic commerce (e-commerce) and mobile commerce (m-commerce). e-Commerce delineates all forms of business dealings undertaken through electronic processing and exchange of data, including text, sound, video, images and so on. On the other hand, … [Read more...]
Difference Between Direct Cost and Indirect Cost
The identification, measurement, and allocation of costs can help to determine the actual profit of the organization. Based on the relationship or degree of traceability to products, the costs are classified into direct costs and indirect costs. The two cost differ in the sense that expenditure which can be identified and allocated to a particular cost object or cost center, i.e. traceable to a particular product in an economically feasible manner, it is termed as a direct cost. On the other … [Read more...]
Difference Between Direct Debit and Standing Order
There are end number of facilities provided by the banks to its customers, apart from the basic lending of money and accepting deposits. Direct Debit and Standing Order are two such facilities, which the customers can avail, in order to ease their monetary transactions. The former implies a facility, in which the payee is authorized to draw the amount due for payment from the account of the payer, while the latter denotes an instruction given to the bank by the customer to pay/transfer certain … [Read more...]
Difference Between NEFT and RTGS
With the advancement of technology, digital money transfer system is gaining popularity because of its speed, simplicity, safety, and convenience. Funds can be transferred electronically from one bank/account/place/branch to another through this system. Moreover, the system enables instant account update and gives quick information about the foreign exchange rates. In India, NEFT and RTGS are the two electronic media which effects fund transfer. While the former is used to handle smaller size … [Read more...]
Difference Between Pledge and Hypothecation
Charge means the asset is given as security, against a debt. The value of the security offered as collateral is either equivalent to or greater than the loan amount. It can be in the form of a pledge, hypothecation, mortgage, lien and assignment. The charge is created on the asset based on of the nature of security. In this context, pledge and hypothecation are quite commonly juxtaposed as in both cases, movable goods are given as collateral. However, they are different in the sense that the … [Read more...]
Difference Between Private Equity and Venture Capital
Private Equity and Venture Capital are a type of financial assistance provided to the companies at various stages. Due to the similarity in their concept, they are taken as one and the same thing. However, there is a considerable overlap amidst the two terms which is not known to people. Private Equity involves larger investments in the matured companies. Unlike, Venture Capital in which relatively small sized investments is made, in the companies passing through initial stages of their … [Read more...]
Difference Between NPV and IRR
NPV or otherwise known as Net Present Value method, reckons the present value of the flow of cash, of an investment project, that uses the cost of capital as a discounting rate. On the other hand, IRR, i.e. internal rate of return is a rate of interest which matches present value of future cash flows with the initial capital outflow. In the lifespan of every company, there comes a situation of a dilemma, where it has to make a choice between different projects. NPV and IRR are the two most … [Read more...]
Difference Between Job Enlargement and Job Enrichment
Once job analysis is completed, it is followed by job design which involves continuous eforts in organizing activities or tasks, duties and responsibilities into work unit, to achieve the objectives. There are five approaches to job design, which are job rotation, job engineering, job enlargement, job enrichment, and socio-technical system. Two of these approaches which are most commonly juxtaposed are job enlargement and job enrichment. The former refers to the increase in the number of tasks … [Read more...]
Difference Between Book Value and Market Value
Book value of an asset denotes its accounting value, which is nothing but the historical cost less accumulated depreciation/amortization. Market value of an asset represents the actual market price of the asset, that is traded in the market place. It can also be understood as the actual worth of the firm relating to other firms in the marketplace. Book Value, as the name signifies, is the value of the commercial instrument or asset, as entered in the financial books of the firm. On the other … [Read more...]
Difference Between Management and Administration
Simply put, management can be understood as the skill of getting the work done from others. It is not exactly same as administration, which alludes to a process of effectively administering the entire organization. The most important point that differs management from the administration is that the former is concerned with directing or guiding the operations of the organization, whereas the latter stresses on laying down the policies and establishing the objectives of the … [Read more...]
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