An invoice is basically a bill that lists the goods or services rendered and the cost of those goods or services. A receipt is an acknowledgement that the customer has paid his bill either in full or in part.

The most basic difference between them is the fact that the federal loans are provided by the government, whereas the private loans are provided by organizations in the private sector, such as private banks,...

Bank Accounts are financial accounts offered by financial institutes to the respective bank customers. Bank accounts may vary according to their functions; hence they are opted as per the customers needs. Some...

ATM is a payment card which is used by the respective customers for carrying their financial purposes. The card is also known as a bank card, client card, key card, or cash card; hence it is applicable in...

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...