In business functions, Authority and Accountability are the roles, which work hand-in-hand. The ‘authority’ is the right or power assigned to an individual, whereas ‘accountability’ is the ability to handle...

A striking difference between a yield and an interest rate is that yield is the profit made on an investment, and an interest rate is the reason behind such a profit.

NSDL and CDSL, both are depositories which hold various securities like money, property, etc in electronic form. NSDL works for National Stock Exchange, whereas CDSL works for Bombay Stock Exchange.

Cashier is the term used to describe a person who collects cash as part of a business transaction that is purchase/sale of goods and services. Bookkeeper is a term used to describe a person who maintains a...