There are instances when all the shares which a company offers are not subscribed by the company, in that case, the total number of shares applied for is less than the number of shares offered by the company to the public. This is a situation of under subscription. On the other hand, there are also certain cases when the general public subscribes for more shares than the shares offered by the company, then in this case over subscription takes place. In this regard, first of all, we need to … [Read more...]
Difference Between Calls in Arrears and Calls in Advance
When a shareholder pays the amount due on calls before it is demanded, it refers to the calls in advance, and the amount received by the company, is kept in a separate account, i.e. Calls in Advance A/c, and so it is not indicated as the capital of the company until it is demanded by the company from the shareholders. In contrast, when the company issues notice to all the shareholders regarding the payment of allotment or call money due on the shares, it needs to be paid within the specified … [Read more...]
Difference Between Authorized Capital and Issued Capital
A company is an artificial person whose management is done as per its constitution which we know as Memorandum of Association (MoA). So, the company's MoA defines everything including the maximum amount that the company can raise from the general public by the issuance of shares. That upper limit stated with regard to the share capital is called Authorized capital. Authorized Capital refers to the share capital with which a joint-stock company is registered On the other hand, the issued … [Read more...]
Difference Between Revenue Deficit and Fiscal Deficit
Revenue deficit indicates indebtedness in the present budget owing to total revenue receipts and expenses proposed in the budget. It is a situation when the revenue expenditure is in excess of the revenue receipt. All such transactions having an influence over the current income and expenditure of the government are covered here. Conversely, Fiscal deficit is a measure that shows the degree of dependence of the government on borrowings. Fiscal Deficit reflects estimated borrowings by the … [Read more...]
Difference Between Re-Order Level and Re-Order Quantity
Re-Order Level (ROL) implies the material level at which purchase requisition is generated for a fresh supply of material. When the stock on hand, approaches the reorder point, the storekeeper takes action to replenish the exhausted stock. So, the difference between reorder level and minimum level will be adequate to meet the production requirement till the fresh supply is received. On the contrary, Re-Order Quantity (ROQ) represents the size of the order, which is going to be placed by the … [Read more...]
Difference Between Sacrificing Ratio and Gaining Ratio
Sacrificing Ratio is the ratio of sacrifice as to the part of profit made by the old partners, in favor of the one who is entering the firm. On the other side, the gaining ratio is the ratio of gain in the share of profit, received by the continuing partner when one of the partners resigns or leaves the firm. Change in Profit Sharing Ratio Change in the Profit Sharing Ratio (PSR) is due to the following reasons Purchase of a share of profit by one partner from another leads to a change in … [Read more...]
Difference Between Seasonal Unemployment and Disguised Unemployment
Disguised Unemployment refers to a form of unemployment that cannot be seen or noticed from outside, as it remains hidden. Basically, in disguised unemployment, it looks like everyone is employed however, ample full-time work is not available for all. On the contrary, Seasonal Unemployment is that type of unemployment in which people are not able to find any work for themselves during certain months of the year. What is Unemployment? Unemployment can be defined as a state of being without paid … [Read more...]
Difference Between Collaborative Learning and Cooperative Learning
Cooperative Learning and Collaborative Learning are commonly used in group activities aimed to attain a common objective. In collaborative learning, it is the students who organize their efforts among themselves. In short, it is group structured. On the other side, in cooperative learning, students are divided into groups and the teacher assigns specific roles and tasks to each student, and so it is a teacher-structured activity. While collaborative learning is a voluntary activity, wherein … [Read more...]
Difference Between Purchase Book and Purchase Account
In a business, purchases are made by the firm to keep a stock of goods for the purpose of reselling it to customers and also for producing other products. When the purchases are made, they are recorded in the purchase day book first which indicates the name of the supplier and other details as to the product bought. Thereafter, the total is transferred to the Purchases account every month from the Purchases Book. Purchase Book is a book of original entry, just like Journal. In fact, it is a … [Read more...]
Difference Between Manuscript and Inscription
In olden times, in the absence of any medium of communication and technology, people used to store data in the form of written records. During that time, people used to write on palm leaves or bark of a tree and that handwritten sheet is popularly known as a manuscript. A script is a form of writing, which over a period of time evolved as language and then it is developed as literature. At that time, important messages and memories are engraved on rocks, pillars, clay tablets, and copper … [Read more...]
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