Accounting

Turnover vs Revenue

Turnover vs Revenue
Turnover refers to how many times a company burns through assets such as cash, inventory, workers, etc. However, revenue represents the money a company earns by selling its goods and services for a price to...

Assets vs Liabilities

Assets vs Liabilities
An asset is something which is owned and controlled by an entity. It is capable of bringing some financial gain in the future. On the other hand, a liability is a present obligation which has to be settled in...

Draft vs Check

Draft vs Check
A check is a negotiable instrument which directs a bank to pay a certain amount from a specified account. A demand draft refers to a prepaid negotiable instrument which is used for transfer of money in a more...

Debit vs Credit

Debit vs Credit
In financial accounting or bookkeeping, "Dr" (Debit) is the left side of a ledger account or when something has been deducted from the account, whereas "Cr" (Credit) is the right side of a...

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