Ledger Balance vs Available Balance The key difference between ledger balance and available balance is that Ledger balance of a business is the total amount of cash or the bank balance as per the books of accounts, particularly at the beginning of the day. In contrast, the available balance is the amount of money that […]
Difference Between Income Statement and Cash Flow Statement
Income Statement vs Cash Flow Statement The key difference between income statement and cash flow statement is the basis that is used to prepare these statements; for the income statement it is the accrual basis whereas for cash flow concept it is mere cash basis. Income statement and cash flow statement are two types of […]
Difference Between Present Value and Future Value
Present Value vs Future Value Knowing the difference between present value and future value is very important for investors as present value and future value are two interdependent concepts that provide an utter help for the potential investors to make effective investment decisions; particularly for loans, mortgages, bonds, perpetuity, etc. By investing in an […]
Difference Between Statement of Affairs and Balance Sheet
Statement of Affairs vs Balance Sheet The key difference between Balance Sheet and Statement of Affairs is that the balance sheet is one among the financial statements, which presents the financial position of a particular business to a given date while, in contrast, statement of affairs summarizes the assets and liabilities of a particular […]
Difference Between Balance Sheet and Statement of Financial Position
Balance Sheet vs Statement of Financial Position The balance sheet and statement of financial position are confused by many to be the same thing, but there are, however, a number of differences between balance sheet and statement of financial position. Both, balance sheet and statement of financial position, are financial statements that offer an […]
Difference Between NOPAT and Net Income
NOPAT vs Net Income A clear understanding on the difference between NOPAT and net income is needed if you are to analyze the financial statements, especially the income statements, to study the performance of a business. The main aim of running a business is making a profit. In order to make a profit, the […]
Difference Between Cash Flow Statement and Cash Flow Projection
Cash Flow Statement vs Cash Flow Projection Those who are learning to understand different financial statements, must learn to understand the difference between cash flow statement and cash flow projection too as they provide two different views of the financial health of an organization. Businesses prepare a number of financial statements including income statements, […]
Difference Between Accruals and Prepayments
Accruals vs Prepayments Both accruals and prepayments are equally important in accounting, and therefore, clear understanding on the key difference between accruals and prepayments is important for an accountant to ensure that they are accurately recorded. Accruals and prepayments are known as adjusting entries in the study of accounting. Both accruals and prepayments are important […]
Difference Between Factoring and Bill Discounting
Factoring vs Bill Discounting As both factoring and bill discounting are sources of short term finance which are offered by banks and financial institutions, knowing the difference between factoring and bill discounting is nothing but helpful. Factoring and bill discounting offer sellers and traders the facility to collect their receivables faster without having to […]
Difference Between Sales Ledger and Purchase Ledger
Sales Ledger vs Purchase Ledger As sales and purchase ledgers are two of the sub-ledgers used in the practice of accounting, it is useful to know the difference between sales ledger and purchase ledger. Sales ledger and purchase ledger can be identified as two sets of sub-ledgers used to record detailed sales and purchases […]
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