Tag Archives | Difference

Difference between Recruitment and Selection Process

Everything you need to know about the key differences between recruitment and selection process. Recruitment and selection are the two phases of the employment process. These two are not one and the same. Recruitment is the process of searching the candidates for employment and encouraging them to apply for vacancies in the organisation. Whereas selection involves choosing the most promising [...]

By |2023-06-21T14:23:22+00:00November 11, 2019|Difference Between|Comments Off on Difference between Recruitment and Selection Process

Difference between Absorption Costing and Marginal Costing

Everything you need to know about the key differences between absorption costing and marginal costing. Absorption costing is a total cost technique in which total cost (i.e., fixed and variable) are charged to products. It is often argued that absorption costing is an orthodox or traditional method and that marginal costing is the correct technique. Marginal costing differs from absorption [...]

By |2023-06-27T12:34:48+00:00August 29, 2019|Difference Between|Comments Off on Difference between Absorption Costing and Marginal Costing

Difference between Financial Accounting and Cost Accounting

Everything you need to know about the difference between financial accounting and cost accounting. Financial accounting is primarily concerned with the preparation of financial state­ments, which summarise the results of operations for selected period of time and show the financial position of the company at particular dates. Cost accounting is primarily concerned with determination of cost of something, which may [...]

By |2023-06-21T14:23:52+00:00July 29, 2019|Difference Between|Comments Off on Difference between Financial Accounting and Cost Accounting
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