Compare the Difference Between Similar Terms
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Posted byOlivia
Capital vs Asset Words like capital and asset are very frequently encountered by accountants and those involved in preparing financial statements of businesses. These are related concepts because of which sometimes people get confused whether it is capital or an asset that is the correct term to be utilized in the financial statement. There is […]
Posted byOlivia
Plant vs Machinery In day to day parlance, it is customary to refer to plant and machinery as a single entity and even accountants tend to take them as a grouping while reflecting them as fixed assets in a financial statement. Sometime an acronym called PP&E is used to refer to property, plant and machinery […]
Posted byOlivia
Tangible vs Intangible Tangible and Intangible are terms very commonly used in accounting to refer to two types of assets. Difference between tangible and intangible is simple as tangible is something that has a physical existence and can be seen whereas intangible is something that cannot be seen. For example water is tangible while air […]