CST is charged on interstate sales, by the central government, but collected by that state government in which sales have been made. On the contrary, VAT is a state-level multipoint tax, imposed in the value addition in the product, collected at various stages production and distribution. It contains a provision of set-off for the tax paid at the earlier stage. There are hundreds of sale transactions that takes place every moment around the world. The selling price of the product includes … [Read more...]
Difference Between Balance of Trade and Balance of Payments
After the implementation of globalization policy, world has become a small village and now every contry freely transacts with the other countries of the world. In this context, two statements are prepared to keep a record of the transactions made by the country internationally; they are Balance of Trade (BOT) and Balance of Payments (BOP). The balance of payment keeps a track of transaction in goods, services, and assets between the country's residents, with the rest of the world. On the … [Read more...]
Difference Between Central Bank and Commercial Banks in India
In any country's financial sector, banks play a crucial role in the overall economic development, by mobilizing savings of individuals and entities. They act as an intermediary amidst depositor and borrower. Besides lending money, banks provide various other value added services, that help in the smooth functioning of the economy. The Central bank, as the name suggest is the apex body, that regulates the entire banking system of the economy. The Central bank is not exactly same as a … [Read more...]
Difference Between IMF and World Bank
The process of globalization is facilitated by three major organizations, i.e. World Bank, World Trade Organization (WTO) and International Monetary Fund (IMF). There is a little bit of bewilderment and confusion, in the mind of many people regarding the IMF and World Bank regarding their functions, objectives, structure, member nations, etc. The fundamental difference between IMF and World Bank is that the bank is established as a development organization whereas the fund is founded as a … [Read more...]
Difference Between Inflation and Deflation
In macroeconomics, we study about two burning issues which is experienced by almost all the countries of the world, i.e. inflation and deflation. Inflation is a situation when the prices of goods and services get a boost, thus decreasing the buying power of money. It is the continuous upward movement in the general price level of the economy. On the other hand deflation, it is opposite of inflation, whereby prices of goods and services fall and people can purchase more goods with the limited … [Read more...]
Difference Between Consignment and Sale
Consignment refers to a commercial arrangement in which goods are delivered to the agent by the seller, for the purpose of sale to the customers, on behalf of the seller. The term consignment is commonly juxtaposed with Sale. Typically, Sale is a transaction between two parties in which the ownership, title and possession goods are transferred from seller to buyer for the money consideration. The scope of sale is wider in comparison to a consignment, as consignment is also a type of sale. The … [Read more...]
Difference Between Condition and Warranty
In a contract of sale, the subject matter is 'goods'. There are millions of sale transactions which occur in the normal course, all around the world. There are certain provisions which need to be fulfilled because it is demanded by the contract. These prerequisites can either be a condition and warranty. The condition is the fundamental stipulation of the contract of sale whereas Warranty is an additional stipulation. In other words, condition is the arrangement, which should be present at … [Read more...]
Difference Between Sale and Agreement to sell
A 'Contract of Sale' is a type of contract whereby one party (seller) either transfers the ownership of goods or agrees to transfer it for money to the other party (buyer). A contract of sale can be a sale or an agreement to sell. In a contract of sale, when there is an actual sale of goods, it is known as Sale whereas if there is an intention to sell the goods at a certain time in future or some conditions are satisfied, it is called an Agreement to sell. Both sale and agreement to sell are … [Read more...]
Difference Between Capital Structure and Financial Structure
Funds are the basic need of every firm to fulfill long term and working capital requirement. Enterprise raises these funds from long term and short term sources. In this context, capital structure and financial structure are often used. Capital Structure covers only the long term sources of funds, whereas financial structure implies the way assets of the company are financed, i.e. it represents the whole liabilities side of the Position statement, i.e. Balance Sheet, which includes both long … [Read more...]
Difference Between Operating Leverage and Financial Leverage
In general, leverage means affect of one variable over another. In financial management, leverage is not much different, it means change in one element, results in change in profit. It implies, making use of such asset or source of funds like debentures for which the company has to pay fixed cost or financial charges, to get more return. There are three measures of Leverage i.e. operating leverage, financial leverage, and combined leverage. The operating leverage measures the effect of fixed … [Read more...]
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