Liability vs Debt Liability and debt are related concepts that are important to understand. At a personal level, an individual may take a loan from a bank to construct a home for his family or to buy a car. He repays this money in installments, and this loan is considered a debt of the person. […]
Difference Between Liability and Asset
Liability vs Asset Ask anyone in your circle about the assets he has, and invariably the answers would include home and car. But, is your car and asset for you? Or for that matter, your home, which you have bought after taking a loan from a bank? Most people remains confused and cannot answer this […]
Difference Between Gross Weight and Net Weight
Gross Weight vs Net Weight Knowing the difference between gross weight and net weight is necessary for consumers as often they are duped by companies when they include the weight of the packing while announcing the weight of the product. You are often impressed by the packing of soap without realizing you are being charged […]
Difference Between Patent and Trademark
Patent vs Trademark The type of work they protect is the basis for the difference between patent and trademark. There were times when original creations and inventions of geniuses were stolen or reproduced by others and those who deserved all the applause and credit had no other choice, but to feel depressed and sulk. […]
Difference Between Par Value and Face Value
Par Value vs Face Value Face value and par value are investment terms that are related to bonds and stocks; initial offerings are made available at par value of the face value to make them look attractive after listing, and the stocks mostly open at a rate higher than the face value bringing profits for […]
Difference Between Absorption Costing and Marginal Costing
Absorption Costing vs Marginal Costing The system of computing the cost of production is known as costing. The main purpose of any costing system is to identify the cost incurred for the production of a unit output. In a manufacturing company, identifying the cost associated with a unit product is very important to price the […]
Difference Between Quick Ratio and Current Ratio
Quick Ratio vs Current Ratio It is foolhardy to assess a company’s financial performance on the basis of one or two economic indicators as financial experts will tell you. However, in reality it is common for people to have a look at some of the common performance indicators to gain an insight into company’s performance. […]
Difference Between Economics and Finance
Economics vs Finance The words economics and finance, more or less, seem that they are conveying a similar meaning. In the world of business, theories of finance and economics are often used in important decision makings. In academic field, finance and economics have their own identity. In this article, we will try to understand the […]
Difference Between Pension and Provident Fund
Pension vs Provident Fund Those who have worked in the industry for any length of time must be aware of these two wonderful schemes, to provide for money in times when it is needed most, that is in retirement or when one dies the money deposited in such funds is released to the family members. […]
Difference Between Deficit and Debt
Deficit vs Debt Debt is akin to a loan that a common man has taken from a bank. As long as he is able to pay back installments on time, he is said to be servicing the debt or loan normally. It is only when he is irregular or is not able to pay his […]
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