Economics vs Business Many students face a common dilemma when deciding between the subjects that they should take on for their universities entrance/advanced level exams or which majors and subjects they should pick when studying for their bachelor’s degrees. One such choice that needs to be made is between studying economics and business studies. […]
Difference Between Mortgage and Hypothecation
Mortgage vs Hypothecation Mortgages and hypothecation are terms that are frequently used to explain loans that are taken out by individuals for the purpose of financing various assets. The similarity between the two is that in order for the loan to be granted an asset must be pledged to the bank; however, the ownership […]
Difference Between Mortgage Rate and APR
Mortgage Rate vs APR Mortgage rates and APR are both information that are provided to a borrower when taking out a mortgage loan. Since both rates are provided to the borrower when applying for a loan, many loan applicants are confused about how these rates are related to each other. The article offers a […]
Difference Between Trade Discount and Cash Discount
Trade Discount vs Cash Discount Discounts are a reduction on the price of the goods or services that are provided by the seller to the buyer. Discounts result in the buyer having to pay an amount less than the listed price for the products, and such discounts are usually offered for to encourage customers […]
Difference Between Savings and Checking Account
Savings vs Checking Account Savings accounts and checking accounts are the two most common types of accounts that are maintained by businesses and individuals. While both savings accounts and checking accounts help the individual or business to manage their funds in some way, they are quite different to one another in terms of the […]
Difference Between Reserve and Provision
Reserve vs Provision Provisions and reserves are important components in accounting. Reserves are seen as positive as they add onto the company’s profitability and can be used to provide for unexpected future losses, distribution among shareholders, or reinvestment in the business. Provisions, on the other hand, provide for any losses, expenses, liabilities, or depletion […]
Difference Between Fair Value and Market Value
Fair Value vs Market Value There are many methods that a company can use to value their assets. Companies conduct frequent analysis on the value of the assets that the business holds, in order to ascertain the total value of the business, and to see how much the business could earn in the event […]
Difference Between Gross Profit and Operating Profit
Gross Profit vs Operating Profit Gross profit and operating profit are important calculations aimed at measuring the profitability levels of the firm. Both these numbers are derived from the information obtained from the company’s income statement. Gross profit shows the sales that are left once cost of goods sold are reduced and operating profit […]
Difference Between Gross Profit and Gross Margin
Gross Profit vs Gross Margin Companies record financial information about their business activities in order to assess the financial position of the firm. A range of numbers and values are calculated for this purpose, which include the calculation of the company’s gross profit and gross margin. Close attention is paid to these ratios as […]
Difference Between Central Bank and Commercial Bank
Central Bank vs Commercial Bank Commercial banks and central bank are important parts of the country’s overall economy. While commercial banks offer products and services to businesses and individuals, the country’s central bank will offer products and services to the government and other commercial banks. There are a number of differences between commercial banks […]