Export Price vs Domestic Price It is theoretically only natural to expect that export price of a commodity would be identical to its domestic price for the producing country. However, historically, there has been a great variance in these two prices. Export prices are dependent upon many factors that are far beyond the mechanism of […]
Difference Between Bidding and Auction
Bidding vs Auction Despite auction being a very popular form of selling and buying of goods and services, there are people who remain confused between the terms bidding and auction. This may be due to various types of auctioning systems in prevalence. As against the common practice of printing an MRP on the product and […]
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 […]
Difference Between Memorandum of Association and Articles of Association
Memorandum of Association vs Articles of Association Memorandum of Association and Articles of Association are documents that are very important to know about a company in detail, and together they form the constitution of a company. Though there are some similarities, both serve different functions and purposes and are important for different class of people […]
Difference Between Report and Memo
Report vs Memo Report and Memo are facts that are intended to be stored and communication info, or act as a recording. They are commonly known as documents. These documents usually focus on government and business administration. These are usually printed in papers or in an online format. Report These are documents, which are focused […]
Difference Between Consumer and Customer
Consumer vs Customer Consumer and customer are people who buy goods and merchandise. They are people who are constantly looking for good deals and discounts in order to save money and make the economy better. Despite their similarities, there is a difference between consumer and customer. Who is a Consumer? This is a broad […]
Difference Between Direct Tax and Indirect Tax
Direct Tax vs Indirect Tax Taxes are financial levies or burden imposed by governments upon its citizens to realize money for various purposes. The main purpose is to carry out administration and welfare activities for the population, and also to raise money for the defense of the country. Taxes are not voluntary contributions, but rather […]
Difference Between Cheque and Promissory Note
Cheque vs Promissory Note Carrying cash to make and receive payments for goods and services is not only impractical but also risky. Though it is easier to make payments through cash and credit cards in daily life, negotiable instruments are preferred by people in place of cash in business. In businesses there are several payments […]
Difference Between Cheque and Bill of Exchange
Cheque vs Bill of Exchange A lot of business activities are going on round the clock in all parts of the world. All business activities involve exchange of goods and services. These goods and services are sold for cash or on credit. In daily life, it is impractical to issue Cheques for all the transactions […]
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