Capitalism vs Mercantilism When we dig deep into the topic of capitalism and mercantilism, we usually take into account how a lot of businesses in the present-day capitalistic economy go by the same principle mercantilists had. Therefore, since the two economic systems had a common objective of profit generation, mercantilism …
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VAT vs CST Taxation is a complicated subject. Taxes are categorized into direct taxes and indirect taxes. Direct Tax is the tax that people directly pay to the government, for example, income tax. Indirect Tax is something which the people indirectly pay to the government through the medium of manufacturers …
Forex vs. Stock Market Investment is a financial growth strategy practised around the world, and in numerous different markets. Generally, it means buying into an asset, such that you own a portion of it, or a representation of its value. That way, if the asset becomes more valuable, you can …
Direct vs Indirect Expenses Direct expenses and indirect expenses are two different terms of accounting which represents the expenditure in a business. Both, direct expenses and indirect expenses, are performed for the convenience of maintaining accuracy in the financial statement report of a business. Direct expenses are those expenses that …
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Expense vs Expenditure The terms “expense” and “expenditure” are often confused with one another due to the similarity in their definitions. “Expense” is used when we are either talking about a single purchase in the complete list of purchases or when mentioning purchases that have taken place in the past. …
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Public vs Private Finance Capital funding is key for any trade, and it plays a very important role in every division. It is awarded by certain companies and financial institutions based on the demand from the business. Few systems involve in offering clients the money to meet the end objectives …
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Tax Planning vs Tax Management Taxes are financial charges imposed by the government, to fund the public sector and meet other expenses. Countries and economic systems have their own independent tax systems. Failing to pay taxes is a punishable offence. Individuals and businesses must pay the taxes imposed as per …
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Trading Account vs Profit and Loss Account Commercial gain or profit is the most critical component for anyone engaging in business of any kind. This is one of the most crucial factors determining the economic viability of any business. Business needs to understand how much income or revenue they are …
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Previous Year vs Assessment Year While creating databases for various reasons or specifically for Income Tax records, the time period is a must. The time period plays an important role in setting limits to data and to have the desired data. As far as Financial Accounting is concerned, the time …
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Pre-Shipment vs Post-Shipment Finance The consumer transaction is a never-ending process in the world. People require essential and non-essential things for their living and survival every day. The purchase of goods from any store or a supermarket is inevitable for human life to thrive. It is a less understood fact …
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