The key difference between IRA and 401k is that IRA is planned by the employee, whereas, 401k is planned by the employer. IRA and 401k are two retirement plans that come under the tax law of the United States. Although both are retirement plans, they have some differences between them. In this article, we refer to the …
Since, in this commercialized world, protecting one’s intellectual property needs to be done very carefully, getting to know the difference between copyright and patent has become very important. To protect the exclusive rights of authors and inventors for their creative work either writing or inventions, copyrights and patent have been applied. Patents and copyrights save …
Public and private sector companies are required to produce goods and deliver them to the general public. The state like nature or the private nature of the businesses set the two apart. The laws by which they are governed though stay the same in a few cases; in other cases the laws are specified to …
Before anyone commences a business, it is always recommended to know the types of business companies that can operate in the market. Once he knows about the types, he will be in a better position to analyze the advantages and disadvantages of the options that are available to him. Later, he can opt for the …
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The recent financial crisis in the world created huge losses for companies as the purchasing power of the individuals declined and inflation heightened. The world economy stumbled; especially the middle and the lower class that is the maximum population of the entire world. In inflationary conditions, it is the middle and the lower class that …
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In a world full of competition where businesses seek to cater to the extensive demands of the audience, there are high degrees of substitution or choices present for the people. In this scenario, businesses need to position themselves in the minds of the people in such a way as to create an immediate brand recall …
Financial accounting and management (managerial) accounting are two divisions in accounting, both are equally important for an organization. Accounting plays a pivotal role in the functioning of the organizations. On a broader scale, accounting deals with the establishing, managing and auditing the accounting books of the organizations. With just the figures on sales, overheads and …
Difference Between Financial Accounting and Management (Managerial) Accounting Read More »
Loans are part of our everyday life; we all take loans for our houses, cars and business. It is important to know the difference between Rate and Annual Percentage Rate or APR, because they play a very important role in deciding terms and conditions of your loan. Rate and APR determine your monthly payments, which …
Western union, PayPal and Alert pay are some of the many international money transfer technologies available now. These technologies help in transferring money from one part of the world to different parts of the world with ease and within no time. The transfer of money through these technologies has various advantages one of which is …
The two words ‘wage’ and ‘income’ might look similar with no difference at all whatsoever, but strictly speaking there is difference between the two words. The word ‘wage’ is often used in the plural as ‘wages’ whereas the word ‘income’ is a collective noun and the form ‘incomes’ is used sparingly. It is used as …