The major differences between industry and sector are as follows −IndustryIt includes group of organisation/firms who produces similar products/goods.It comprises grouping of companies/enterprises based on their business activities.It is categorised based on their process.The scope is narrow and it has a specific term.There are different firms which can for form ... Read More

The major differences between time and money are as follows −TimeIt is defined as hours spend on work.It is measured in terms of seconds, minutes, hours.It is more valuable than money.Its value remains constant.The value earned differ from person to person.It is neither earned nor purchased.It is not constant and ... Read More

The major differences between shareholder and stakeholder are as follows −ShareholderThey are people who owns the share of the company.They act as owners and are a subset.There are limited shareholders for a company.A company includes equity and preference shareholders.They focus on investment.They have direct impact on financial performances.They have single ... Read More

The major differences between credit and debit are as follows −CreditIt decreases in assets and increases in liabilities.It indicates the amount withdrawn.It represents in the right side of T format ledger.It is recorded as GIVER in a personal account.It is an amount What Goes Out in real account.It records all ... Read More

The major differences between direct cost and indirect cost are as follows −Direct costIt is the cost, which is directly/easily referable to the product/services.It is easily calculated.It is attributable, has variable cost and can be easily identified.It is expended on specific cost object.All direct costs are known as prime cost.Examples ... Read More

The major differences between loan and mortgage are as follows −LoanIt has high interest rates.It can be secured/unsecured.It is not collaterally backed.The loan period is less as compared to mortgage.There are few formalities in case of unsecured loans when compared to mortgage.It requires less documentation.Examples − open ended loans, close ... Read More

The major differences between forex and stock market are as follows −ForexThe size of the market is large.It has high leverage as compared to stock market.It has no qualifying requirements.It is less regulated than stock market.It has high liquidity.It is open for 24 hours.The commissions are minimum or zero.The focus ... Read More

The major differences between economic cost and accounting cost are as follows −Economic costIt has monetary value of all resources.It refers to opportunity cost.It focuses more on implicit cost.It is relevant for decision making.It is forward looking.It is not objectively verified.It estimates the cost of alternatives sacrificed.Accounting costIt is based ... Read More

The major differences between accounting profit and economic profit are as follows −Accounting profitIt gives true financial health of a company.It tells about profitability of the company.No special terms are needed here.It is more practical than economic profit.It’s a short term phenomenon.It is determined by GAAP.It is used for income ... Read More

The major differences between domestic finance and international finance are as follows −Domestic financeThe currency exposure has no impact.It is exposed to same economic and political environments.It is exposed to same tax laws and regulations.Stakeholders are of same beliefs, languages etc.Knowledge of foreign exchange derivatives is not required.Challenges are limited.Maintenance ... Read More