Sales tax is usually charged on the total value of a commodity once the sale occurs. VAT, on the other hand, is a tax charged on the product at each level of the production or&hellip
Business
Most expensive food
The most expensive food in the world has been identified: If I say, that for the price you may have to pay for one culinary preparation would fetch you an apartment in a decent locality&hellip
Most expensive movie
“Expensive†is a relative term: Right since the invention of movies as a medium of entertainment, movies have been made for commercial gains. Speculation has been rife as to what is the most expensive film&hellip
Difference Between ACH Debit AND ACH Credit
The Automatic clearing house is a simplified electronic funds transfer process from one account to another account. The process is composed of two methods: ACH Debit and ACH Credit, each method being unique in its&hellip
Difference between acquisition method and purchase method
1. Acquisition and purchase methods are two accounting methods used in accounting for mergers and acquisitions. These two accounting processes are almost identical in everything and share similar principle. The however display some identifiable points&hellip
Difference between Amortization and Capitalization
Introduction In accounting, there are principals of valuing an asset called amortization and capitalization. While getting the cost of an asset, a person considers depreciation and amortization. In the later method people subtract the salvage&hellip
Difference between LLC and S Corp.
Introduction A limited liability company LLC and S Corp have many similarities and differences. A limited liability company is a type of company that the state statute allows. There are different regulations in the state.&hellip
Difference Between Loan and Bond
Introduction There are different types of debts and some of them include loans and bonds. A loan is the amount that a person or company borrows from another party for a period of time while&hellip
Difference between Tax Evasion and Avoidance
Basically, the main difference between tax evasion and tax avoidance is the legality aspect. What is Tax Avoidance? Tax avoidance is an arrangement of legally exploiting the taxation system to defeat the intent of law&hellip
Impact of Globalization
Meaning of Globalization? Globalization is the process through which people, corporations and governments of various nationalities are able to interact and integrate. This process is driven by investment and international trade through the help of&hellip
Difference between the IRR And the Yield to Maturity
Most of the investments like capital infusions and bonds are designed in such a way that they return certain cash flows over a given period of time. In order to measure the investment’s success and&hellip
Difference between GNP and National Income
GNP vs National Income Introduction Economists and government officials frequently use the terms National Income and Gross National Product (GNP). These terms are used in assessing the effectiveness of economic policies and also in monitoring&hellip
Difference Between accounts payable and accounts receivable
Accounts Payable vs Accounts Receivable Accounts payable and accounts receivable are two terms commonly used in business transactions. They refer to the two sides of a transaction; a payable and a receivable. Accounts payable refers&hellip
The Difference between Debits and Credits
Debits, credits and the double entry accounting are techniques associated with Luca Pacioli; a former Franciscan monk. Referred to as the ‘Accounting Father’, he cautioned than one should not go to bed before your debits&hellip
Benefits Of Audit
The benefits of an audit to any business are numerous since it seeks to give the true and fair view of the financial statements and operations of the subject entity. Independent opinion: Audit being an&hellip
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