Debt is every similar to liabilities. Both refer to obligations in which money needs to be paid back. In most instances, debt includes all liabilities, especially when calculating debt-to-equity ratio. However...

An asset is anything that can be utilized to make more money. A liability is an obligation on which money has to be paid. In terms of banking, an asset is anything on which one earns an interest, whereas a...

Cash Credit and Overdraft are types of credit that businesses can avail from a bank or similar institutions. The main difference between Cash Credit and Overdraft is that overdraft is extended on an existing...

The terms prepaid and postpaid are most commonly used to refer to mobile phone or cell phone connections. The term PRE – paid indicates that it must be paid before using, whereas POST – paid indicated...

The main difference between the two is that a tax invoice is generated when a company sells a product to distributor or a person who plans on reselling the product. Whereas a retail invoice, is generated when...