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...

The main difference between Concept and Theme is that, a concept about a story or a film or an event or anything is sometimes unique and differently expressed and executed than the usual ways, whereas a Theme...

As can be seen from the definitions of both the terms, the key difference between an expense and an asset is timing. An asset represents any source of future economic benefit to the firm that goes beyond one...

The main difference between Revenue and Receipt is that Receipt is the cash received and is also known as cash inflow or 'Cash Receipt' meaning cash received by the entity, but it also includes...

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...