Balance of Trade vs Balance of Payment Self sufficiency does not exist in real world and all countries are dependent upon other countries to fulfill many of the needs for good and services. The goods and services imported and those exported constitute its international trade and the difference in the monetary value of total exports […]
Difference Between Scarcity and Shortage
Scarcity vs Shortage There are times when a commodity is in paucity in a place. People are confused whether it is scarce or there is a shortage of the commodity. These are two words that are very confusing with both having similar meanings. Often people use them interchangeably which is incorrect s these words have […]
Difference Between Plant and Machinery
Plant vs Machinery In day to day parlance, it is customary to refer to plant and machinery as a single entity and even accountants tend to take them as a grouping while reflecting them as fixed assets in a financial statement. Sometime an acronym called PP&E is used to refer to property, plant and machinery […]
Difference Between Debenture and Loan
Debenture vs Loan When a company needs a large amount of money for its expansion, there are many ways to raise capital for the purpose. One of these financial tools is called debentures. This is a way of inviting general public to subscribe to its offer of attractive rates of interest on the certificates issued […]
Difference Between Rules and Policies
Rules vs Policies Difference between rules and policies must be a point to focus on for every employee. We say this because for smooth and effective operations in any organization, rules and policies hold great significance. While policies are broad guidelines that reflect the aims and objectives of the organization, rules are meant more […]
Difference Between Indemnity and Guarantee
Indemnity vs Guarantee Indemnity and guarantee are two important ways to safeguard ones interests when entering into a contract. There are many similarities between the two concepts though they differ a lot also. This article will highlight the differences between Indemnity and guarantee to enable readers to choose one of the two depending upon circumstances and […]
Difference Between Tangible and Intangible Cost
Tangible vs Intangible Cost The difference between tangible and intangible cost is often subtle but can have great consequences for a company. People sometimes look at tangible costs only overlooking or ignoring intangible costs for which they pay dearly later in life. Tangible refers to things we can see and feel whereas intangible are things […]
Difference Between Company and Industry
Company vs Industry If you hear the name General Motors, what is the image that comes to your mind? Of course, the automobiles made by General Motors as they have become so popular all over the country. Now automobiles are made by many other organizations also as General Motors is a part of an industry […]
Difference Between Company and Firm
Company vs Firm Getting to know the difference between company and firm is useful as the words firm and company are used interchangeably by people and they talk of these entities in the same breath. It is common for people to talk about an accounting company as an accounting firm or a consultancy service […]
Difference Between Pallet and Skid
Pallet vs Skid There is a distinct difference between pallet and skid though you may have seen people overlooking that distinction. Generally speaking, the words pallet and skid are used to refer to a platform that supports goods in a stable manner while they are being loaded or transported through a jack or a […]
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