The difference between stock and flow is that stock is goods, assets, and liabilities that are available at a particular time while on the other hand, flow is the goods, assets, and liabilities that are available for supply at a given period. Stock is the available quantity of any commodity at a particular time. These …
National income tends to be the summation of all the factor incomes that a country’s residents earn during the time of the accounting year. Here the incomes or payments that result in the flow of goods, as well as services, are considered. Two kinds of income exist, factor income as well as transfer income. Factor …
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The Cost and Management audit are both used to determine the performance and cost of an organization. Cost Audit is a validation and compliance of cost accounts and related procedures. Management audit evaluates the significance and usefulness of control by disputing underlying principles, methods, and procedures. Cost Audit vs Management Audit Cost Audit is the …
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Money is extremely important in the economy. And we’re all going about trying to get money and make a livelihood. While each country’s concept of money differs, each country has a measure for broad money and narrow money. This article will explain the distinction between wide money and base money. Broad Money vs Base Money …
The terms accounting and accountancy are often used interchangeably. However, there are some important differences present between them. Generally, accountancy deals with the principles that guide the creation as well as employment of financial records. Accounting involves the procedure of maintaining these records. It is a business language. Accounting vs Accountancy The difference between accounting …
When the bank gives its dividend to the customers in cash, it is called a cash dividend. When the bank gives the dividend through additional stocks, it is called a stock dividend. The Stock Split means splitting existing shares to create more shares. Both terms are nothing alike. Stock Dividend vs Stock Split The stock …
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A bridge connecting the investor and the investment is a brokerage account. It can be difficult for any investor to choose the proper broker because dozens of firms will fight for your business when it comes time to decide between a full-service and discount broker. Let’s examine the full-service vs. discount broker debate in detail …
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SIP and Mutual Funds may sound similar, but they are not the same thing. Most users are puzzled by these terms and struggle to distinguish between SIP and mutual fund. This is not the case because SIP is a subset of the broader concept of mutual funds. Let us go over both in depth to …
Budget and save are a part of microeconomics and our daily economic lives. Both the term help us to keep an account of expenditure, receipts, revenue generation, and other such important economic practices. It makes us aware of our economic needs. However, they may sound similar, but they are not. Budget vs Save The main …
There are several words in the English language that would seem to perplex people. Furthermore, in most cases, pupils become confused between such terminologies since they don’t grasp the significance. So this essay on the differences between ‘income’ and salary will ensure that people shouldn’t get them mixed up and utilize them correctly. Salary vs …
PayPal Mastercard and Citi Double Cash are two credit cards with similar features. They are direct competitors with a 2% cashback offer on all purchases. They do not have any annual fee or a sign-up bonus. The difference lies in the reward claiming options and APRs. To get a PayPal Mastercard, it is mandatory to …
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Today everyone wants to ensure the life of them and their family. The market has launched different varieties of life insurance whose main aim is to spread awareness among the different categories and economically weaker sections of society about the importance of life insurance for their life. The LIC and GIC come with a slew …
The phrases “assessment year” and “financial year” are two very different and important concepts that taxpayers must understand. There will be no accurate communication if the assessment year or fiscal year is incorrectly referred to. The words “Assessment Year” and “Financial Year” have been used in Income Tax for a long time. Nonetheless, many people …
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NFT is a sort of virtual token that is specific and scarce. An NFT is unique evidence of ownership of something, typically a virtual asset while Smart contracts are one of the most effective functions of blockchain technology. It is a virtual settlement wherein the phrase settlement among customers is about in code. NFT vs …
With the growing digitalization of the world, the exchange of money has also come under its purview. However, the digital exchange of money involves a variety of software agents like payment gateways and payment processors. Stripe and Chargebee are two of the software involved in online transactions. Stripe vs Chargebee The main difference between Stripe …
People are apprehensive of trading their high-value crypto on any platform for fear of phishing, spoofing, or other cyber threats. That’s why CoinBase and CoinSwitch were created to allow anyone to trade, buy, and sell cryptocurrencies on a secure platform that offers the best possible pricing. CoinBase vs CoinSwitch The main difference between CoinBase and …
Over the years, there has been an advancement in the modes of payment and storage of money. Each method of financial movement has its respective features. A wallet and a bank account are two well-known options for storing and making payments available to the general public. While the two may seem similar, a wallet and …
With the introduction of digital/ online payments, the world is moving at a rapid pace, several companies have launched their software for online payment. Currently, the two major systems for online payment are QuickBooks and PayPal. Knowing the difference between them will aid in making a perfect choice. QuickBooks vs PayPal The main difference between …
Blockchain is the most revolutionary aspect of the modern world. It has also affected the investing strategies by the introduction of cryptocurrencies. Various platforms allow users to invest in different cryptocurrencies with assurance and security. The two most common platforms for the exchange of cryptocurrency are Coinbase and WazirX. Coinbase vs WazirX The main difference …
Accounts Payable and Accrued Expenses are two of the most important accounts that are shown in the financial statements of a business organization. Both, Accounts Payable and Accrued Expense play a critical role in the accounting of the position of a business organization. Accounts Payable vs Accrued Expense The main difference between Accounts Payable and …
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