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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Macroeconomics vs Managerial Economics Economics is the branch of social science that finds it’s usage in day to day life. It deals with concepts related to profit, production, consumption and distribution of goods and resources. The use of economics enables organisations and governments to allocate funds to maximize output. The …
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Turnover vs Revenue Turnover and Revenue are financial terms that are often used interchangeably in various fields but there are varied forms of differences between the two terms. Turnover is the value of sales in any organization at a particular time whereas revenue is the income that is generated by …
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Right Shares vs ESOP Right shares and ESOP are terms used in Stock markets. Companies do require funds and at times reserves and profits earned do not seem to be enough while expanding business. This is where Right shares and ESOP do their job. Right shares of a company’s existing …
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