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Articles on Trending Technologies
Technical articles with clear explanations and examples
Write the difference between single entry system and double entry system.
The major differences between single entry system and double entry system are as follows −Single entry systemDouble entry systemTells about cash, debtors and creditors cash balances only.Records transactions related to business only.Incomplete system of recording the transactions.Can easily record fraud transactions.Hard to find errors.Persons accounts and cash accounts are included.Not accepted by taxation department.Takes lot of time in calculation profit/loss.Suitable for small business.Cost of implementation is not required.Reconciliation of accounts is not possible.Special knowledge is not required in maintaining books.Trail balance can’t be prepared.Not suitable for tax purposeDifficult to prepare financial statementDifficult to tell about financial positionTells about every business ...
Read MoreWhat are the differences between direct tax and indirect tax?
The major differences between direct tax and indirect tax are as follows −Direct TaxIndirect TaxIt is the tax on income/profits.Individuals, firms, companies pay direct taxes.It is applicable to taxpayer.It is burden on individual.It can’t be transferred to others.It covers an entity/individual.It has high administrative cost.Tax evasion is possible.It includes good allocative effects (less burden).It may reduce inflation.It results in lesser savings, investments demoralising.The mode of progress is progressive.It is difficult to collect taxes.It includes income tax, wealth tax and corporate tax.It is the tax on goods and services.End consumer of service/goods are taxpayers.It is applicable at each stage of production/distribution ...
Read MoreDistinguish between entrepreneurship and management.
The major differences between entrepreneurship and management are as follows −EntrepreneurshipManagementEntrepreneurship refers to creating a company/firm by considering financial risk.It motivates to start a business.It includes start-ups , venturesTagged as owner.The rewards come in form of profits.It accepts risks.It sets goals.The decisions are made on personal perception.Includes innovator.The process is centralised.Opportunity recognition, feasibility analysis, business planning and runningPart of managementContemporary aspects includes social entrepreneurship, venture growth etc.Management refers to doing business activities by a group of people or by organized groups.It motivates to manage business.It will take care of the ongoing operationsTagged as an employee.Employees get their salaries.It does not ...
Read MoreHow to test WinRM connectivity using PowerShell?
In system admin role or as a PowerShell engineer you need to connect to many computers remotely. So as the first step, we need to test the remote connectivity by applying ping command or Test-Connection but many organizations have a stringent policy, and some of the servers ICMP packets are blocked. In such a case you can check connectivity with WINRM.If the WINRM is not allowed, you can ask your windows administrator to enable a firewall exception for WINRM. WINRM is the thing that PowerShell uses it for remoting purposes. So before connecting to remote server it is necessary to ...
Read MoreHow does PowerShell Remoting work?
There are several ways to connect to remote computer cmdlets. These computers can be in the same domain, different domains, or for the workgroups using PowerShell. Here, we will mainly focus on the inbuilt parameter, Invoke-Command, and to execute PSSession command remotely.Inbuilt -ComputerName parameter.Many cmdlets in PowerShell supports the -ComputerName parameter, which describes the remote computer names. For example, Get-Service, Get-Process, and Get-WMIObject, etc.. cmdlets.ExampleIf the remote server is in the same domain then you just need to simply add -ComputerName credentials.Get-Service Spooler -ComputerName Test1-Win2k12OutputPS C:\Users\Administrator> Get-Service Spooler -ComputerName Test1-Win2k12 Status Name ...
Read MoreDistinguish between EBIT and net income.
The major differences between EBIT and net income are as follows −EBIT (Earnings before Interest and Taxes)It evaluates profits earned through an entity.An operating income earned by an entity before adjustments (interests and taxes) is EBIT.The main purpose is to determine profit earning of an entity.EBIT can be defined as difference between revenue and operating expense (or) sum of net income, interest and taxes (or) difference between Earnings Before Interest Tax Depreciation and Amortisation (EBITA) and depreciation, amortisation expensesIt is used by governments, equity holders and debt holders.Interest and expenses incurred are not considered.Cost of operating business is ignored.Operating expenses ...
Read MoreCompare joint venture and partnership.
The major differences between joint venture and partnership are as follows −Joint VentureIt is a trade formed by two or more individuals.The duration of time is fixed.The parties are called Co-Ventures.The profit/loss are distributed on interim basis.There are no specific governing laws.A specific name is not required.The accounts may/may not be separately maintained.It follows liquidation accounting.It includes profit-seeking ventures.A minor is not accepted as a Co-Venturer.PartnershipIt is an agreement made by two or more individuals having respective proportionate shares to start a business.The duration of time is not fixed.The parties are called partners.The profit is distributed annually.It is regulated by ...
Read MoreCompare bidding and auction.
The major differences between bidding and auction are as follows −BiddingBuyer buys the commodity by offering a bid/price.It includes competitive offer for a product/service.It shows value/demand for a product/service.The main aim is to win the contract/bid that put for an auction.It creates competition to increase demand for a commodity.For organisations, bids are allotted for lower bid with proper quotations and paper works.AuctionIt is held to get better value for goods/service sold.It is the process of buying/selling.Bidders are allowed to place the bid and highest bidder will be allotted the goods/services.The main aim is to get best/highest price for a good/service.The ...
Read MoreWrite the difference between investment and speculations.
The major differences between investment and speculations are as follows −InvestmentPurchasing an asset/security for good returns is termed as an investment.It is long term and has moderate risk.Investors will go for the cautions and conservative approach.The decision is made on financial performance of a company.The returns are modest and continuous.It is used for self.Examples &minnus; stock markets, bonds, mutual funds etc.SpeculationsA risky financial transaction for high profits is termed as speculation.It is short term (less than a year).An investor will go for an aggressive approach.The decision is made on technical charts, market psychology and individual decisions.It excepts return at high ...
Read MoreWhat are the differences between interest rate and annual percentage rate?
The major differences between interest rate and annual percentage rate are as follows −Interest rateIt is used to calculate monthly payments/EMIs of loans.It relates to cost of borrowing.The formula to calculate the interest rate is as follows − A = P(1+rt), where, A implies simple interest, P for principle amount, r for interest rate, t is time period.It impacts outstanding debt amount.The high interest rates are preferred.Annual percentage rateIt provides full information on principle amount which reflects cost of loan.It relates to total cost of loan.The formula to calculate annual percentage rate is as follows − Annual percentage rate = ...
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