Withholding Tax – All You Need To Know
Withholding Tax or the retention tax is a way of deducting tax at the source of the income to avoid collecting tax after the income is earned. Usually, it …
Financial Accounting
Trial Balance vs Balance Sheet – All You Need To Know
Balance sheet and trial balance are two important reports of the accounting system. The balance sheet is one of the three financial statements that a company needs to file …
Capital Receipt vs Revenue Receipt – All You Need To Know
Capital Receipt and Revenue Receipt are an integral part of business activity, just like capital expenditure and revenue expenditure. Both represent an inflow of cash for the business. Although …
CAPEX vs OPEX – All You Need To Know
Expenses are as important for a company as revenues. A business can’t earn revenue, if it does not make necessary expenses. We can divide business expenses primarily into capital …
Accrual vs Deferral – All You Need To Know
Businesses require the allocation of both incomes and expenses to the same accounting period. However, there are often instances when the expenses and revenues do not occur or business …
Assets vs Liabilities – All You Need To Know
Even if you don’t have a business or accounting or financial background, you would have heard the terms assets and liabilities. These terms are mostly in use in the …
Debit Note vs Credit Note – All You Need To Know
Purchase and sale transactions are day-to-day operations between the buyer and the seller. Similarly, returning goods is also a normal business activity. If numbers of such transactions are large …
Accounts Receivable vs Accounts Payable – All You Need To Know
Accounts Receivable and Accounts Payable are business terms that are primarily used in accounting. The real difference between Accounts Receivable vs Accounts Payable is clear from the names itself. …
Accounting Profit vs Economic Profit – All You Need To Know
Profit is the most important indicator of the financial health of a company. A company that is not earning a profit is not likely to survive in the long-term. …
Advantages and Disadvantages of Holding Company
Holding company as the name suggests holds the stocks of another company. Such a company does not usually carry any traditional business activities, such as manufacturing or offering services. …
