A Joint Venture vs. A Partnership

Difference between a Joint Venture and a Partnership Since joint venture and partnership both involve the joining together to get into business, they are somehow considered the same. However, there are a lot of differences between the two. What is a Joint Venture? A joint venture is a contract between two or more companies to […]

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Joint Venture vs. Strategic Alliance

Difference between Joint Venture and Strategic Alliance Joint ventures and strategic alliances, although both involving the merging of two parties, differ financially, legally, and in their definitions. What is a Joint Venture? A joint venture is a contract between two or more companies in order to perform a business task. When companies enter this agreement, […]

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Act vs. Legislation

Difference Between Act and Legislation Act and legislation are closely related to each other. To understand these terms let us first understand system of law making in parliamentary system.  The members of parliament or the legislators introduce bill in the parliament. The bill is then discussed and approved by the legislators. The bill is then […]

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Loan of Credit vs. Line of Credit

Loan of Credit and Line of Credit: The Better Option in Supplying Your Financial Demands   Money, being considered the vehicle in providing all our basic needs, has predominantly made its mark as the most in-demand human invention as of this time. Its prevalence in the modern society created a persistent impact not only to […]

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IVA vs. Bankruptcy

Difference Between IVA and Bankruptcy   Today, a lot of people in the UK are undergoing tough times due to financial problems brought about by an unstable economy. For some, it is because of undisciplined use of their credit cards while for some it is due to financial problems that crop up without warning. In […]

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IFRS vs. Canadian GAAP

Difference between IFRS and Canadian GAAP Both of these two are accounting standards that are used in Canada. IFRS is an accounting standard that is used internationally while the second one is only used by the businesses in Canada. For uniformity for the entrance of the various financial transactions across the world, IASB (International Accounting […]

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Implicit cost vs. Explicit cost

Difference between Implicit cost and explicit cost Both implicit cost and explicit cost are terminologies in accounting. It is common knowledge that every transaction in accounting is accompanied by a relative cost. None the less, the most often encountered examined. Implicit cost Implicit costs are expenses on an organization which result indirectly in the process […]

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Index Funds vs. Mutual Funds

Difference between Index Funds and Mutual Funds Mutual funds are the most common tool that is used for investment in the current corporate world. Their name is derived from the fact of the number of people that come together to raise the amount, these amount is then managed by one company is investing in the […]

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Indian GAAP vs. US GAAP

Comparison between Indian GAAP and US GAAP Both big and small enterprises engage in the process of accounting. Most governments all over the world set guidelines have engaged in setting guidelines of how businesses should undertake their book keeping chores. Most of these guidelines are the same in most countries although there may be slight […]

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Indian Banks HDFC vs. ICICI

Difference between Indian Banks HDFC and ICICI HDFC and ICICI are two of the most outstanding names in India’s privately owned banks. This is because the banks are able to compete on the same measure with government owned banks. Part of their success can be attributed to their efficiency that allows them cut on cost […]

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