Internal Audit vs Statutory Audit Though there is an accountant in all organizations to record the financial transactions and for general book keeping, companies have to pass through an audit that is a sort of scrutiny of the financial statements of the company prepared by the accountant. This statutory audit is carried out under the […]
Difference Between Joint Venture and Collaboration
Joint Venture vs Collaboration Collaboration is a concept that is responsible for coming together of people to work towards a shared goal or objective. It is an idea that has led to creation of international bodies where member countries cooperate with each other to achieve the objectives for which the body is set up. Writers […]
Difference Between IASB and FASB
IASB vs FASB Before moving ahead, it would be pertinent to know the full forms of IASB and FASB. IASB is an acronym that stands for International Accounting Standards Board whereas FASB refers to Financial Accounting Standards Board. The two boards are international bodies that have been trying to evolve uniform financial accounting standards applicable […]
Difference Between Receipt and Invoice
Receipt vs Invoice It looks like such a simple question, isn’t it? You get a receipt for the payment you make for the purchases at a mall or supermarket whereas you raise an invoice for the good or services that you supply to a retailer or a manufacturer. There are many who think that differences […]
Difference Between Invoice and Statement
Invoice vs Statement Ever wondered why you get a bill or an invoice for other utilities while getting a credit card statement? What is the difference between an invoice and a statement of account? I am sure that like a majority of other people, you will be hard pressed to if asked to come out […]
Difference Between Invoice and Purchase Order
Invoice vs Purchase Order Have you heard about a document called purchase order? Yes, but don’t know what it is and confuse between this and an invoice? Then this article is for you and others who cannot differentiate between a purchase order and an invoice. Purchase Order If you are starting out on a small […]
Difference Between Fixed and Variable Annuities
Fixed vs Variable Annuities When you are young and strong, you are not really worried about your future as you are earning and fulfilling all the requirements of your family. But the way prices of commodities are rising, the really smart ones are those who take the decision of investing a part of their income […]
Difference Between CAD and CAE
CAD vs CAE The use of computers for designing purposes is a broad subject that includes CAD, CAM, and CAE. Computer aided design, as it is popularly called makes use of a large number of tools that are designed to help and assist architects, engineers and designers in multifarious activities. Computer aided designing is a […]
Difference Between Master and Maestro
Master vs Maestro Master and Maestro are common names of English language but here we shall confine ourselves to these two different cards issued by a single company known as Master Card Worldwide having its headquarters in New York. Along with Visa Card, MCW is perhaps the biggest credit and debit card company in the […]
Difference Between LC and SBLC
LC vs SBLC Gone are the times when business was conducted on good faith. With more and more cases of default on payments coming to light, it has become common practice for suppliers of goods and services to ask their clients (buyers) to arrange for Letter of Credit from their banks to be sure of […]
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