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KEY DIFFERENCES

Know the Differences & Comparisons




DIFFERENCE BETWEEN SOURCING AND PROCUREMENT

Last updated on January 18, 2023 by Surbhi S

Sourcing is a process in which the firm makes an attempt to find out the best
vendor for supplying materials with standard quality and the right price. Also,
it ascertains the scope of strong and lasting relationships with vendors.
Further, it maintains the relationship over a period of time for mutual benefit.
In contrast, procurement is the process of buying the materials in the right
quantity and quality, which the firm requires to carry out the production
process. Do you guys know that … [Read more...]


DIFFERENCE BETWEEN NATIONAL INCOME AND PER CAPITA INCOME

Last updated on January 17, 2023 by Surbhi S

Do you know that National Income is the accurate yardstick of how effectively
the economy is performing? Therefore, it is very important to measure the
national income of the country, as it portrays a clear picture of the soundness
of the economy. Also, it determines the level of economic activity in a country.
Simply put, it is the total income of the nation. It is the monetary value of
the final goods and services produced in a particular period. Per Capita Income
of the country represents … [Read more...]


DIFFERENCE BETWEEN DEPARTMENTAL STORE AND MULTIPLE SHOPS

Last updated on December 24, 2022 by Surbhi S

A departmental store is a huge retail showroom consisting of various departments
functioning in the same place. In this, each department limits its functions to
a specific kind of trade. Therefore, the departments are a complete unit in
themselves, i.e. each department is a separate shop. Talking about multiple
shops, which consist of several branch shops, which a business enterprise owns.
These shops are set up at different locations in the city and throughout the
country. They specialize in … [Read more...]


DIFFERENCE BETWEEN THESIS AND RESEARCH PAPER

Last updated on December 24, 2022 by Surbhi S

While both thesis and research papers are academic writings, there is a
difference between the two. A thesis refers to a scholarly research report that
a scholar writes and submits for fulfilling academic requirements and obtaining
a higher degree. It opens up various lines of enquiry into a range of
possibilities like an antithesis. On the other hand, a research paper is
analytical, argumentative and interpretative in nature. It involves the pursuit
of knowledge and intelligent analysis of … [Read more...]


DIFFERENCE BETWEEN MBO AND MBE

Last updated on November 28, 2022 by Surbhi S

MBO and MBE are the two models of management. The aim of these two models is to
help the management focus on the attainable and ultimate goal, as well as to
channelise their efforts into the achievement of the best possible results with
the help of available resources at that point in time. MBO is an acronym for
Management by Objectives. MBO is a system of management wherein each member
takes part in the organization effectively. Conversely, MBE is a short form for
Management by Exception. … [Read more...]


DIFFERENCE BETWEEN RECEIPT AND PAYMENT ACCOUNT AND INCOME AND EXPENDITURE
ACCOUNT

Last updated on November 24, 2022 by Surbhi S

Do you know non-profit organizations don't need to maintain a large set of books
of accounts? However, they need to prepare financial statements at the end of
every financial year. So, for this purpose, they prepare receipt and payment
accounts and income and expenditure accounts and a Balance Sheet. While receipt
and payment account is a simple summary of cash and bank transactions. On the
other hand, the income and expenditure account reflects the income and
expenditure of the current year … [Read more...]


DIFFERENCE BETWEEN STOCK DIVIDEND AND STOCK SPLIT

Last updated on November 16, 2022 by Surbhi S

Generally, a company gives two kinds of dividends to its shareholders - cash
dividends and stock dividends. A cash dividend is one in which the company
distributes a definite amount of money to each shareholder for each share owned.
On the other hand, a stock dividend is obtained from distributable equity in the
form of stock. Oppositely, Stock Split is another action which the company
takes, in which the number of shares held by a shareholder gets multiplied. In
this, what exactly happens is … [Read more...]


DIFFERENCE BETWEEN FOB AND CIF CONTRACTS

Last updated on October 14, 2022 by Surbhi S

Have you any idea of the shipping agreements? There are two famous international
shipping agreements, i.e. CIF contract and the FOB contract. These contracts are
used for the transportation of goods between the buyer and seller. In FOB
contracts, the seller's duty is to load the goods onto the ship proposed by the
buyer. As against, in CIF contracts, the duty of the seller is to deliver the
goods to the shipping company for transmitting them to the buyer. Do you know?
FOB and CIF contracts … [Read more...]


DIFFERENCE BETWEEN VERIFICATION AND VALUATION

Last updated on October 20, 2022 by Surbhi S

In auditing, verification implies the process of checking the accuracy of the
value of assets and liability. The auditor checks the accuracy with regard to
the title and the existence of the assets and liabilities as the company's books
reflect. Valuation of assets means the determination of the value of the
specific asset of the enterprise on the balance sheet date. It involves testing
the correct value of assets depending upon their utility. In short, it is all
about finding out the … [Read more...]


DIFFERENCE BETWEEN TRANSFER AND PROMOTION

Last updated on September 23, 2022 by Surbhi S

Promotion is an upward movement on the organizational ladder. It involves
shifting an employee from a lower designation to a higher designation. On taking
charge of the higher position, the employee will have greater authority, status,
responsibilities, and so forth. And at the same time, he will get better
remuneration and emoluments. But, the transfer is a lateral move on the
organizational ladder. It involves shifting an employee from one place to
another, like one branch or department to … [Read more...]

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TOP 5 DIFFERENCES

 * Difference Between PERT and CPM
 * Difference Between Micro and Macro Economics
 * Difference Between Developed Countries and Developing Countries
 * Difference Between Management and Administration
 * Difference Between Qualitative and Quantitative Research







NEW ADDITIONS

 * Difference Between Sourcing and Procurement
 * Difference Between National Income and Per Capita Income
 * Difference Between Departmental Store and Multiple Shops
 * Difference Between Thesis and Research Paper
 * Difference Between MBO and MBE
 * Difference Between Receipt and Payment Account and Income and Expenditure
   Account
 * Difference Between Stock Dividend and Stock Split
 * Difference Between FOB and CIF Contracts
 * Difference Between Verification and Valuation
 * Difference Between Transfer and Promotion




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