Accounting

Current Account vs Savings Account

Current Account vs Savings Account
Current accounts were designed for business people, while savings accounts were designed for general salaried people. Also, savings account were created with the purpose of saving money and that’s why provides...

Journal vs Ledger

Journal vs Ledger
In terms of accounting, the primary difference between the two is that the journal acts at the initial mode of entry for all transactions. The entries are then classified and entered into the ledger. Together...

Tangible Assets vs Intangible Assets

Tangible Assets vs Intangible Assets
Tangible assets are assets that have a physical presence; they are the assets that can be touched. Intangible assets refer to assets that do not have a physical presence, i.e. they cannot be touched. In order...

IFRS vs Indian GAAP

IFRS vs Indian GAAP
IFRS stands for International Financial Reporting Standards. It was developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). The Indian GAAP is...

IFRS vs U.S. GAAP

IFRS vs U.S. GAAP
The IFRS stands for the International Financial Reporting Standards. It was developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). The U.S. GAAP or...

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