Tax vs Levy Any individual, firm, corporation, or legal entity will have to make a payment to their country’s government known as a tax payment. The funds that are collected through tax is the largest income that the government receives and is used for the running of government, investment, development, infrastructure, healthcare, public safety, […]
Difference Between Purchase and Acquisition (Method of Accounting)
Purchase vs Acquisition (Method of Accounting) Mergers and acquisitions are complex scenarios in which one firm combines/purchases another firm’s assets, liabilities, technology, knowhow, innovation, patents, trademarks, etc. The accounting methodologies that are used in the process of recording such large transactions are also quite complex. Two such accounting methods are acquisition accounting and purchase […]
Difference Between NASDAQ and Dow Jones (DJIA)
NASDAQ vs Dow Jones (DJIA) The Dow Jones Industrial average (DJIA) and NASDAQ Composite Index are indexes that track the movement of a number of different stocks. The DJIA is made of companies that are traded on the New York Stock Exchange while the NASDAQ index is composed of companies that are traded on […]
Difference Between Movement and Shift in Demand Curve
Movement vs Shift in Demand Curve Movement along the demand curve and shift in the demand curve are concepts that are closely studied in economics when discussing the forces of demand and supply. The demand curve illustrates the total quantity demand for a product at varying prices. The movement along the demand curve and […]
Difference Between Middle Class and Working Class
Middle Class vs Working Class Middle class and working class are two groups of people who are in different levels of the social hierarchy due to their differing levels of education, values, lifestyles, jobs, and social grouping. The middle class is between the upper class and working class and the working class is just […]
Difference Between Equity and Shares
Equity vs Shares Equity and shares are concepts that are frequently used when discussing how business operations are financed. The two terms equity and shares are closely related to each other in that they both represent capital or ownership stake held in a company or in an asset. Due to their major similarities they […]
Difference Between Term Deposit and Fixed Deposit
Term Deposit vs Fixed Deposit Term deposits and fixed deposits refer to deposits that are held in a bank for a fixed period of time. The two terms are used interchangeably and refer to the same types of deposits such as savings accounts and certificates of deposit. However, the term ‘fixed deposit’ is more […]
Difference Between Pension and Annuity
Pension vs Annuity Annuities and pensions are quite similar to one another in that they are both used for retirement purposes. However, annuities can also be taken out by any person for a number of different reasons, whereas a pension is provided by an employer solely for the purpose of retirement. Due to the […]
Difference Between Current and Noncurrent Assets
Current vs Noncurrent Assets Assets that are held by a company consist of two categories, which are current assets and noncurrent assets. Current assets are those assets that the company will hold with the intention of converting to cash in the short term. Noncurrent assets, on the other hand, are held for longer periods […]
Difference Between Savings and Investment
Savings vs Investment Saving and investing are both equally important to individuals and businesses. Savings are usually done to achieve short term payment goals and needs and are low risk in nature. Investments are made with the aim of making larger profits and, therefore, involve bearing higher levels of risk. The article that follows […]