Cash Accounting vs Accrual Accounting A business uses an accountant with sound accounting knowledge to prepare a company’s financial statements. These financial statements can be prepared by using either of the two methods; cash accounting or accrual accounting. Cash accounting and accrual accounting are distinguished from each other based on the types of businesses that […]
Difference Between Momentum and Velocity
Momentum vs Velocity Momentum and velocity are two very basic concepts. These two concepts have remarkable similarities, but in theory, these are two different quantities. It is crucial to have a clear understanding in both velocity and momentum in order to excel in fields such as mechanics, automobile engineering, and almost every field in physics […]
Difference Between Electromagnetic Induction and Magnetic Induction
Electromagnetic Induction vs Magnetic Induction Electromagnetic induction and magnetic induction are two very important concepts in electromagnetic field theory. The applications of these two concepts are numerous. These theories are so important even the electricity would not be available without them. This article will discuss the difference between electromagnetic induction and magnetic induction. What is […]
Difference Between Emission and Radiation
Emission vs Radiation We are surrounded with radiation and radiation emitting sources in our environment. Sun is the most important radiation emitting source that we all known of. Every day we are exposed to radiation, which are not harmful or sometimes, harmful to us. Except the harmful effects, there are many benefits from radiation for […]
Difference Between Gauge Pressure and Atmospheric Pressure
Gauge Pressure vs Atmospheric Pressure Atmosphere pressure and gauge pressure are two important concepts in pressure and thermodynamics. It is vital to have a clear understanding in these concepts in order to excel in such fields. This article will discuss what pressure, atmospheric pressure and gauge pressure are, their similarities, definitions and the differences between […]
Difference Between Discrete and Continuous Variables
Discrete vs Continuous Variables In statistics, a variable is an attribute that describes an entity such as a person, place or a thing and the value that variable take may vary from one entity to another. For example, if we let the variable Y be the grade of a student at an exam, Y can […]
Difference Between Equity and Debt Financing
Equity vs Debt Financing Any firm, planning of starting up a new business or expanding into new business ventures, require adequate capital to do so. This is the point at which the company’s top managers are faced with a decision on their hands, as to whether they should go forward and obtain equity capital or […]
Difference Between Private and Public Companies
Private vs Public Companies A company is a separate legal entity and is isolated from the owners of the business. Many of us have observed that some company names are followed by the suffix ‘Pvt. Ltd’ and others are followed by ‘PLC’. These names denote private limited companies and public limited companies, and both these […]
Difference Between Sole Proprietorship and Partnership
Sole Proprietorship vs Partnership Sole proprietorship and partnership are both arrangements made in the formation of a business, depending on the scope of the business activities and requirements in terms of the variety of skills and additional funds needed. These two forms of business arrangements are very different to each other because of the number […]
Difference Between Limited Partnership and General Partnership
Limited Partnership vs General Partnership A partnership is a form of business arrangement in which a particular business will be owned and operated by a number of people, known as partners of the business. In this article, we discuss general and limited partnerships. The two are different from each other based on how these partnerships […]
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