Tag Archives | Differences

Private and Public Company: Difference | India | Accounting

The upcoming discussion will update you about the differences between private and public company. Difference # Private Company: 1. The minimum number of members required to form a company is two. 2. The maximum number of members must not exceed fifty. 3. It must have two directors. 4. Shares are not freely transferable. 5. It […]

Difference between Company and a Partnership Firm | India | Accounting

The upcoming discussion will update about the difference between company and a partnership firm. Difference # Company: 1. A Company is regulated by the Companies Act, 1956. 2. A Company must be registered. 3. A Company has a separate legal existence distinct from its shareholders. 4. The minimum number of persons required to form a […]

Difference between Shares and Debentures | Company | Accounting

The upcoming discussion will update you about the difference between shares and debentures. Difference # Shares: 1. Shares denote the owned capital of a Company. 2. A shareholder is a part proprietor of a Company. 3. A shareholder gets dividend, which shall be payable out of undistributed profits. 4. A shareholder cannot receive any divid­end […]

Fund Flow Statement and Balance Sheet: Differences | Accounting

The upcoming discussion will update you about the difference between fund flow statement and balance sheet.  Difference # Fund Flow Statement: 1. It is dynamic in nature. It shows the changes in financial position between two dates. 2. It incorporates items causing changes in working capital. 3. It is a management tool for financial analysis […]

Fund Flow Statement and Income Statement| Accounting

The upcoming discussion will guide you about the difference between fund flow statement and income statement. Difference # Fund Flow Statement: 1. There is no prescribed format for preparing a Fund Flow Statement. 2. While preparing the statement both capital and revenue items are considered. 3. Income Statement helps the preparation of Funds Flow Statement. […]

Difference between Stakeholders and Shareholders | Financial Accounting

This article will help you to learn about the differences between stakeholders and shareholders. Shareholders are definitely the important stakeholders of a company; nevertheless they are not the only group who are interested in the company’s activities, its financial performance, financial position and cash flows. Of course, the shareholders in addition would be interested to […]

Cost Accounting and Financial Accounting | Accounting

0The upcoming discussion will update you about the differences between cost accounting and financial accounting. Difference # Cost Accounting: 1. Cost accounting is an internal reporting system for an organization’s own management for decision making etc. 2. Cost accounting is more concerned with short-term planning and its reporting period is much lesser than Financial Accounting. […]

Cost Accounting and Management Accounting: Difference

The upcoming discussion will update you about the differences between cost accounting and management accounting. Difference # Cost Accounting: 1. Cost accounting is concerned more with the ascertainment, allocation, distribution and accounting aspects of costs. 2. The Cost Accounting data generally serves as a base to which the tools and techniques of Management Accounting can […]

Difference between Fixed Budget and Flexible Budget | Costs

The upcoming discussion will update you about the differences between fixed budget and flexible budget. Difference # 1. Fixed Budget: 1. Costs are not classified according to their variability, i.e., fixed, variable and semi- variable. 2. Fixed budget is inflexible and remains the same irrespective of the volume of business activity. 3. Fixed budget assumes […]

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