Revenue Reserve vs. Capital Reserve

The main difference between Revenue Reserve and Capital Reserve is that Revenue Reserve refers to the sum of money retained in the business, to meet future contingencies. Capital Reserve refers to a fund, that is created to finance long term project or write off capital expenses. Revenue reserve created from the trading or operating activities […]

Vision vs. Mission

The main difference between vision and mission is that Vision declares tomorrow’s status of the company on the flip side Mission is organized to achieve the visionary status of the company. Vision is the future status of a company, but the mission is the key to reach that status. Vision requires more than a statement. […]

Group vs. Team

The main difference between Group and Team is that Group is gathering of people who coordinate their efforts for a common goal whereas Team is a group of people who are mutually committed and share a common purpose. A group is an assembly of individuals who work individually for a common goal. A team is […]

Money Order vs. Bank Draft

The main difference between Money Order and Bank Draft is that a Money Order is a payment order for a pre-determined amount of money, and a Bank Draft is a payment mechanism that is issued by the bank on request of the person paying. Money Order is a payment method that needs the payer to […]

Single Entry System vs. Double Entry System

The main difference between the Single Entry System and Double Entry System is that Single Entry System register a procedure with a single input and only keeps one side of all transaction, and Double Entry System is an absolute, entire and scientific system of record-keeping. The single entry system is a system of book-keeping in […]

Supplier vs. Distributor

The main difference between Supplier and Distributor is that Supplier is a company, organization or individual that provides its services to the consumer by distributor whereas Distributor is intermediate between supplier and consumer with a distribution force in a particular area. Supplier and distributor are two important points of a supply chain that plays a […]

Product vs. Brand

The main difference between Product and Brand is that Product is a thing or an item ready for sale in the market, and Brand differentiates a product from other products. A product is somewhat that is ready in a factory whereas a brand is somewhat a customer buys that. A competitor can copy a product […]

Cardinal Utility vs. Ordinal Utility

The main difference between Cardinal Utility and Ordinal Utility is that Cardinal utility gives a value of utility to different options and Ordinal utility ranks in terms of preference. Cardinal utility states that the satisfaction that the consumer derives by consuming goods and services can be measured with numbers whereas ordinal utility states that the […]

Debt vs. Equity

The main difference between Debt and Equity is that Debt involves borrowing a fixed sum from a moneylender, which is then paid back with interest and Equity is the sale of a percentage of the business to an investor, in trade or exchange for capital. Debt is called a mean source of financing since it […]

HRM vs. SHRM

The main difference between HRM and SHRM is that HRM expands to Human Resource Management; it asserts the implementation of management principles for managing the workforce of an organization, and SHRM expands to Strategic HRM; is the process of aligning the business strategy with the company’s human resource practices, so as to achieve strategic goals […]

Businessman vs. Entrepreneur

The main difference between Businessman and Entrepreneur is that a Businessman is a person who runs the business, undertaking an unoriginal business idea. And, an Entrepreneur is someone who first initiates a product or business idea and thus the leader of that in the market. A businessman can do business out of a trite business […]

Wholesaler vs. Distributor

The main difference between Wholesaler and Distributor is that Wholesaler is an entrepreneur, who buys goods in large quantities and sell it in smaller ones, and Distributor is the vendor of products, which cover a specific area or market. Wholesalers are bulk buyers who business in competing products. On the other hand, a distributor is […]

Salary vs. Stipend

The main difference between Salary and Stipend is that Salary paid to an employee who is on the payrolls of a company and Stipend is a form of salary, such as for an internship/training. It usually paid as the ability for someone to work who is usually unpaid. A salary is a payment or remuneration […]

Forecasting vs. Planning

The main difference between Forecasting and Planning is that Forecasting, is a prediction or projection about a future event, depending on the past and present performance and trend and planning is the process of drafting plans for what should do in future, and that too based on the present performance plus expectations. Forecasting is predicting […]

Members vs. Shareholders

The main difference between Members and Shareholders is that a person whose name entered in the register of members of a company turns into a Member of that company and an individual who holds the share of a public or a private company is known as a Shareholder. Member is a person whose name is […]

Marinara vs. Tomato Sauce

The main difference between marinara and tomato sauce is that marinara is a quick sauce and tomato sauce is a complex sauce. Marinara sauce is a quick sauce which is seasoned with garlic, basil, and crushed red pepper. Tomato sauce is a more complex affair, starting with pureed tomatoes that are seasoned with onion, celery, […]

Advertising vs. Publicity

The main difference between Advertising and Publicity is that Advertising is marketing along with a promotional tool in the hands of the company which imparts a message about the company or a product to the viewers, and Publicity is based on reality as t is neither supported nor it is under the direction of any […]

Journal vs. Ledger

The main difference between Journal and Ledger is that the Journal is a subsidiary day book, where monetary transactions are recorded for the first time, whenever they arise, and Ledger is a principal book which comprises a set of accounts, where the transactions transferred from the Journal. Journal called the original book of entry due […]

Corporation vs. Company

The main difference between the Corporation and Company is that a Corporation is an association, generally a set of persons, allowed to perform an individual and acknowledged in itself in law. A Company is a corporate personality consist of a group of persons, be they usual, lawful, or assorted both, intended to carry on a […]

Scheduled Banks vs. Non-Scheduled Banks

The main difference between Scheduled Banks and Non-Scheduled Banks is that Scheduled Banks include all the commercial banks like nationalized, foreign, development, cooperative and regional rural banks and Non-Scheduled Banks are the banks that do not attach or cling to the norms prescribed by the Reserve Bank or Central Bank. The banks that are enlisted […]

Share vs. Stock

The main difference between Share and Stock is that Shares mean ownership in a particular company, and Stock means ownership in any company, in general Shares are the compact or smallest unit by which the ownership of any company or anybody ascertained, whereas stocks are the collection of shares of multiple companies or are a […]

Job vs. Profession

The main difference between job and profession is that Jobs are activities performed in exchange for monetary value and profession is a vocation that is based on specialized educational training. Job is a task while the profession is a promise or vow made on entering an order. Job is the activity performed in exchange for […]

Internal Recruitment vs. External Recruitment

The main difference between Internal Recruitment and External Recruitment is that Internal Recruitment is a process of filling job openings or vacancies with current employees from within the organization, and External Recruitment is a process of filling job vacancies with fresh candidates from outside the organization Internal recruitment is a procedure whereby the employees are […]

Brand Identity vs. Brand Image

The main difference between Brand Identity and Brand Image is that Brand Identity is how the brand owner defines his brand, and Brand Image determines how the ultimate consumer perceives the brand. Brand identity is how the company presents the brand to the market, how it wants its customers to view its brand. Brand Image, […]

Upward Communication vs. Downward Communication

The main difference between Upward Communication and Downward Communication is that Upward Communication is a process of sending a message from subordinate to superior, and Downward Communication is a process of sending a message from a superior to a subordinate. Upward communication is the communication where information or messages flows from the down or bottom […]

Entrepreneur vs. Manager

The main difference between the entrepreneur and manager is that an entrepreneur is the owner of the company and a manager is the employee of the company. An entrepreneur is the owner of a business, so he bears all the financial and other risks. A manager is an employee who works for a salary. An […]

Accounting vs. Auditing

The main difference between Accounting and Auditing is that Accounting is an act of orderly capturing the day to day monetary transactions of the business and classifying them into various groups, and Auditing is an activity of verification and evaluation of financial statement. Accounting is an action of maintaining the monetary records of a company […]

Internship vs. Externship

The main difference between Internship and Externship is that in an Internship the interns get experience by actively participating in the job, and in Externship an extern has to play a shadow role in observing an expert performing the job and learning from it. An internship is a task or work experience program that enables […]

Marginal Costing vs. Absorption Costing

The main difference between Marginal Costing and Absorption Costing is that Marginal costing doesn’t take or bring fixed costs into account under product costing or inventory valuation. Absorption costing, on the other hand, takes both fixed costs and variable costs into account. Marginal costing doesn’t take fixed costs into record or account under product costing […]

Job vs. Career

The main difference between Job and Career is that Job is a position of regular employment, that paid, and Career implies progress of an individual in a particular profession or a company. Job is an activity through which an individual can earn money. It is a regular activity in exchange for payment. A career in […]