Key Difference – Job Order Costing vs Process Costing Job order costing and process costing are systems of collecting and allocating costs to units of production. The key difference between job order costing and process costing is that job costing is used when products are manufactured based on customer specific orders whereas process costing […]
Archives for March 2017
Difference Between Budget and Budgetary Control
Key Difference – Budget vs Budgetary Control The key difference between budget and budgetary control is that budget is an estimation of revenues and costs for a period whereas budgetary control is the systematic process where management uses the budgets prepared at the beginning of the accounting period to compare and analyze the actual […]
Difference Between Pride and Humility
Key Difference – Pride vs Humility Pride and humility are two words that are often used in contrast to each other. The key difference between pride and humility is their meaning; pride can refer to having an excessively high view of one’s importance whereas humility refers to having a modest or low view of […]
Difference Between Transfection and Transduction
Key Difference – Transfection vs Transduction In biotechnology and genetic engineering, foreign genes are introduced into genomes of the organisms with the objective of improving characteristics of the organisms. There are physical, chemical and biological methods available to introduce foreign DNA into host cells. Transfection and transduction are two types of gene transferring methods […]
Difference Between FIFO and Weighted Average
Key Difference – FIFO vs Weighted Average FIFO (First in First Out) and weighted average method are inventory valuation methods. Inventory is one of the most vital current assets and some companies operate with significant amounts of inventories. Proper valuation of inventory is essential to show effective results in financial statements. The key difference […]
Difference Between Band and Orchestra
Key Difference – Band vs Orchestra The term band is a general term which refers to a group of musicians and/or vocalists performing together. An orchestra, on the other hand, is a large instrumental ensemble of classical musical. The key difference between band and orchestra is that orchestras typically play classical music whereas bands […]
Difference Between Period Cost and Product Cost
Key Difference – Period Cost vs Product Cost Period cost and product cost, as their names imply, are related to specific period and output, respectively. The key difference between period cost and product cost is that period cost is an expense that is charged for a time period in which it is incurred whereas […]
Difference Between Fixed Capital and Working Capital
Key Difference – Fixed Capital vs Working Capital The key difference between fixed capital and working capital is that fixed capital refers to long-term investments that are not consumed during the production process whereas working capital deals with short-term liquidity (how conveniently an asset can be converted into cash) position in a company. Both […]
Difference Between Genetic Code and Codon
Key Difference – Genetic Code vs Codon DNA, the genetic material of all organisms, carries genetic information in the form of genes. They are encoded with all the instructions which are necessary to make proteins. The genes are transcribed into mRNA sequences and then translated into amino acid sequences which make proteins. There is […]
Difference Between Oboe and Clarinet
Key Difference – Oboe vs Clarinet There is a distinct difference between oboe and clarinet although both of them are members of the woodwind family. However, many people cannot tell apart an oboe from a clarinet since they are somewhat similar in appearance. The key difference between oboe and clarinet is that oboe is […]
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