Difference Between Similar Terms

At accounting education, there is big knowledge base of differences between popular accounting, finance, banking, investment, loan and educational terms. These accounting terms may be so similar, so accounting learner may be confused. Due to this, we have differentiate all these terms and by reading all the differences, you can understand it. By learning these differences, your decision making will also increase. Following is the list of all these terms.

Difference between Accounting Terms 




  1. Difference between Revenue Reserve and Capital Reserve 
  2. Difference between Provision and Reserve 
  3. Difference between Credit and Credit Balance
  4. Difference between Debit and Credit 
  5. Difference between Aggressive Accounting and Conservative Accounting 
  6. Difference between Income and Expenditure account and Profit & Loss Account
  7. Difference between Tax Expense and Taxes Payable
  8. Difference Between Payroll Expenses and Payroll Liabilities
  9. Difference between Liability Account and Expense Account
  10. Difference between Accounts Payable and Accrued Expense
  11. Difference between Debtor and Creditor
  12. Difference between Account Payable Vs Account Receivable
  13. Difference between Variable Cost and Semi Variable Cost
  14. Difference between Straight Line Method and Written Down Value Method
  15. Difference between Receipt and Payment Account and Income and Expenditure Account
  16. Difference between Manual Accounting and Computerized Accounting
  17. Difference between Assessed Value and Invoice Value
  18. Difference between Financial accounting and Management Accounting
  19. Difference between Cost Accounting and Financial Accounting
  20. Difference between Systemic Risk and Systematic risk
  21. Difference between Marginal Accounting and Financial Accounting
  22. Difference between Revenue Center and Profit Center
  23. Difference Between Sundry Debtors and Bills Receivable
  24. Difference between cash and capital
  25. Difference Between Accrual Accounting and Cash Accounting
  26. Difference between Historical Cost and Fair Value
  27. Difference Between Balance of Trade and Balance of Payment
  28. Difference between Stock Group and Stock Category
  29. Difference Between Cost Sheet and Production Account
  30. Difference Between Job Costing and Contract Costing
  31. Difference between IFRS and IAS
  32. Difference between GAAP and IFRS
  33. Difference between Efficiency Audit and Propriety Audit
  34. Difference Between Cash Method and Accrual Method of Accounting
  35. Difference Between Straight Line Method And Diminishing Balance Method
  36. Difference Between Current Account And Capital Account
  37. Difference Between Cash Discount and Trade Discount?
  38. Difference between Gross Profit and Net Profit
  39. Difference between Journal and Ledger
  40. Difference between Assignee and Consignee
  41. Difference between Book Keeping and Accounting
  42. Difference among Depreciation, Fluctuation and Obsolescence
  43. Different between Group and Ledger in Tally
  44. Difference between Capital Loss and Revenue Loss
  45. Difference between Optional Voucher and Regular voucher of tally 9
  46. Difference between Memorandum Revaluation Account and Revaluation Account
  47. Difference between Revenue and Capital Items
  48. Difference between TDS and TCS in Tally 
  49. Difference between Balance Sheet and Statement of Affairs
  50. Difference between Tangible Assets and Intangible Assets

Difference Between Finance Term



Difference between Banking Term



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Education : Difference Between Similar Terms
Difference Between Similar Terms
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