Depreciation vs Depletion Depreciation and Depletion both have similar accounting concepts but are used for different asset / company types. Both are used to reduce the asset value, as the asset is used over time. These are non-cash deductions from income, and they do not take time value of money into account. What is Depreciation? […]
Difference Between Tax Offset and Tax Deduction
Tax Offset vs Tax Deduction Tax offset and tax deduction are related to income tax. Tax offset reduces the tax liability, whereas tax deduction reduces the assessable income (taxable income). What is Tax Offset? Tax offsets are ways of reducing the amount of tax that a person / company must pay but are not deductions. […]
Difference Between Depreciation and Accumulated Depreciation
Depreciation vs Accumulated Depreciation Companies use depreciation and accumulated depreciation to record the asset value and the expense correctly as the assets are being used. Looking at these in detail would enable to understand the ways in which they work. What is Depreciation? Depreciation is an accounting term which helps companies to record the reducing […]
Difference Between Money Market and Capital Market
Money Market vs Capital Market Money and capital markets are two most easily confused concepts, as they are usually incorrectly identified to be the same thing. It is true that both money market and capital market play a vital role in the functioning of the global economy by providing access to financial markets to raise […]
Difference Between Accounting and Auditing
Accounting vs Auditing Auditing and accounting are two closely related concepts which stem from the same subject background of financial reporting, where one function cannot perform effectively without the other in place. The difference between the two is necessary to understand because the combination of these functions is essential, not just for the preparation of […]
Difference Between Variable and Fixed Costs
Variable vs Fixed Costs The aim of any private firm is to make a profit. In order to maximize profitability, the firm must aim to raise revenues and minimize costs. In order to reduce these costs, a firm must be able to identify and measure costs included in the factors of production such as wages, […]
Difference Between Debt and Equity
Debt vs Equity | Equity vs Debt Debt and equity are both forms of obtaining finance for corporate activities and day to day running of businesses. Debt and equity are distinguished from each other based on their specific financial characteristics as well as the different sources from which either is obtained. It is necessary to […]
Difference Between RSVP and Invitation
RSVP vs Invitation The difference between invitation and RSVP is very easy to understand as RSVP is a request to respond to an invitation that you can use for an event you are organizing. Have you received an invitation lately to a wedding ceremony or any other important function and did you make a […]
Difference Between Chancellor and Vice Chancellor
Chancellor vs Vice Chancellor The words chancellor and vice chancellor are commonly heard words. Most people know about them though not many are aware of the differences between the two as well as their roles and responsibilities. This is perhaps because these are posts in higher education that do not require people holding these posts […]
Difference Between Deputy and Vice
Deputy vs Vice Ever wondered why there are vice presidents, but deputy general managers? And why do we have vice captains but deputy Prime Ministers? This seems to be all confusing with much depending upon usage and precedents rather than any technical reasons. If you think of politics, Vice President is a post that is […]