The President of India, the Lok Sabha, and the Rajya Sabha are collectively known as the Indian Parliament, which is the chief legislative authority in India. The President of India is the head of the Parliament. The Lok Sabha and the Rajya Sabha are the two houses of Parliament, wherein Lok Sabha is the lower house of the Parliament and Rajya Sabha is the upper house of the Parliament. These two houses of Parliament primarily differs in their powers and functions. The tenure of Lok Sabha is … [Read more...]
Difference Between Finance (Capital) Lease and Operating Lease
The lease is a finance agreement in which lessor (owner of the asset) purchases the asset and let the lessee (user of the asset) use the asset for a limited period against periodic payments, i.e. lease rentals. The terms and conditions of the lease are written in the lease deed. Finance or capital lease and operating lease are two types of lease. Finance Lease is a lease in which the risk and rewards are transferred to the lessee with the transfer of the asset. Unlike Operating Lease, in which … [Read more...]
Difference Between Training and Development
Employee training and development is an indispensable part of human resource function and management. Both the activities aim at improving the performance and productivity of the employees. Training is a program organized by the organization to develop knowledge and skills in the employees as per the requirement of the job. Conversely, Development is an organized activity in which the manpower of the organization learn and grow; it is a self-assessment act. In training, the employees are … [Read more...]
Difference Between Depreciation and Amortization
Depreciation and amortisation are both meant to reduce the value of the asset year by year, but they are not one and the same thing. Writing off tangible assets for the reporting period is termed depreciation, whereas the process of writing off intangible fixed assets is amortization. Long-term fixed assets refer to the assets whose benefit is enjoyed for more than one accounting period. Fixed assets can be tangible fixed assets or intangible fixed assets. The value of fixed assets tends to … [Read more...]
Difference Between Bookkeeping and Accounting
Bookkeeping refers to recording business transactions in a stipulated manner and classifying these transactions with a stipulated set of procedures. On the other hand, Accounting is all about designing a system of records and preparing reports, taking the recorded data as a base. Further, it involves the interpretation and communication of these reports. Bookkeeping does not depict the operating results of a business, whereas accounting indicates the operating results of a business. Do you … [Read more...]
Difference Between Cost Control and Cost Reduction
One of the major concern of the enterprise is to maximize the profit, which is possible only through decreasing the cost of production. For this purpose, two efficient tools are used by the management, i.e. cost control and cost reduction. Cost Control is a technique which provides the necessary information to the management that actual costs are aligned with the budgeted costs or not. Conversely, Cost Reduction is a technique used to save the unit cost of the product without compromising its … [Read more...]
Difference Between Fixed Cost and Variable Cost
Based on variability, the costs has been classified into three categories; they are fixed, variable and semi-variable. Fixed costs, as its name suggests, are fixed in total i.e. irrespective of the number of output produced. Variable costs vary with the number of output produced. Semi-variable is the type of costs with the characteristics of both fixed and variable costs. Many cost accounting students are not able to bifurcate fixed and variable costs. Fixed costs are one that does not change … [Read more...]
Difference Between Cost Accounting and Financial Accounting
Cost Accounting refers to that branch of accounting which deals with costs incurred in the production of units of an organization. On the other hand, financial accounting refers to the accounting concerned with recording financial data of an organization, in order to exhibit exact position of the business. Cost accounting generates information so as to keep a check on operations, with an aim of maximizing profit and efficiency of the concern. Conversely, Financial accounting ascertains the … [Read more...]
Difference Between Offer and Invitation to Offer (Treat)
An offer and invitation to offer are two different terms, which must not be confused with one another. An offer is a proposal while an invitation to offer (treat) is inviting someone to make a proposal. In an offer, there is an intention to enter into a contract, of the party, making it and thus it is certain. On the other hand, an invitation to offer is an act which leads to the offer, which is made with an aim of inducing or negotiating the terms. So, in an invitation to offer, the offeror, … [Read more...]
Difference Between Bailment and Pledge
In simple terms, bailment refers to hand over or assignment the goods, which involves change in possession but not in the ownership of goods. It is the transfer of goods from one party to another party for some specific purpose. It is not same as pledge, which is just a variant of bailment. Pledge implies a contract, in which an article is delivered or say deposited with the money lender, as security for repayment of a debt owed by him/her or performance of promise. The main difference … [Read more...]
- « Previous Page
- 1
- …
- 95
- 96
- 97
- 98
- 99
- …
- 108
- Next Page »