Internal Audit vs External Audit An audit is a formal process of evaluation of an organization mainly from the point of view of its financial performance. However, an audit may encompass evaluation of anything from personnel to systems to processes involved in an organization. There are even energy audits, project management audits and quality audits […]
Difference Between Online Banking and e-Banking
Online Banking vs e-Banking The advent of internet has not been beneficial for just getting loads of information; it has helped enormously in making life easier in all walks of life. One such industry that has benefited enormously is banking. Internet banking has made lives easier for not only banks; it has made possible for […]
Difference Between Bank Overdraft and Bank Loan
Bank Overdraft vs Bank Loan If you are a small business owner, you know how difficult it becomes to manage shortfall of cash flow. At times it becomes necessary to look for alternatives such as a bank loan to meet the demands of business. However, securing a loan for a business need is not an […]
Difference Between Bank OCC A/C and Bank OD A/C
Bank OCC A/C vs Bank OD A/C There are many types of bank accounts that people are not aware of as most of the customers have either savings accounts or current accounts only. Bank OCC A/C and Bank OD A/C are two special accounts that allow business owners have the facility of credit without having […]
Difference Between Earnest Money and Security Deposit
Earnest Money vs Security Deposit Earnest Money and Security Deposit are two terms that should be understood with difference. Earnest money is something which is close to pledging but is slightly different from it. Earnest money is paid on faith. Hence it is not as strong as pledge. In other words it can be said […]
Difference Between Liquidation and Bankruptcy
Liquidation vs Bankruptcy Bankruptcy and liquidation have become common terms today. When a person has become insolvent that is when he cannot repay debts he has taken from sundry creditors and he is under duress because of threats from creditors, there is one option under the law that he can exercise to wriggle out from […]
Difference Between Credit Note and Debit Note
Credit Note vs Debit Note If you have an account with a bank, you can see the entries in your passbook as either credit or debit. When you deposit money in your account or get a cheque in your name, it is marked as credit and the balance in your account goes up by that […]
Difference Between Base Rate and BPLR Rate
Base Rate vs BPLR Rate BPLR is the Benchmark Prime Lending Rate and is the rate at which banks in the country lend money to their most credit worthy customers. Till now, RBI had given a free run to the banks to fix their BPLR and different banks do have different BPLR causing resentment among […]
Difference Between Gross Salary and Net Salary
Gross Salary vs Net Salary The things which come under business are quite complex to be understood. Many things associated with business are associated with too much confusion. Gross Salary and Net Salary are two terms often involved in business routine. What actually is the difference between these two terms is going to be discussed […]
Difference Between IFSC Code and Swift Code
IFSC Code vs Swift Code Swift code and IFSC code are identification codes for the purpose of electronic money transfer between financial institutions, mainly banks. One has to mention these codes when transferring money from one bank to another. While Swift code is used for international money transfer, IFSC codes are required when one wishes […]
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