Banking

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...

Mobile Banking vs Internet Banking

Mobile Banking vs Internet Banking
The primary difference between mobile banking and internet banking is that mobile banking is accessed through an application on the smartphone, whereas internet banking is accessed through a browse, typically...

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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