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FRAUD VS MISREPRESENTATION
Mar15March 15, 2020COMMERCIAL LAW, KEY DIFFERENCES

FRAUD VS MISREPRESENTATION

FRAUD VS MISREPRESENTATION FRAUD Fraud means dishonestly making a false, untrue or misleading representation with a view to gain or…

COERCION VS UNDUE INFLUENCE
Mar15March 15, 2020COMMERCIAL LAW, KEY DIFFERENCES

COERCION VS UNDUE INFLUENCE

COERCION VS UNDUE INFLUENCE The difference between coercion and undue influence is as follows: COERCION Coercion means using force to…

DIFFERENCE BETWEEN STANDARD COSTING AND BUDGETARY CONTROL
Mar08March 8, 2020COST ACCOUNTING, KEY DIFFERENCES

DIFFERENCE BETWEEN STANDARD COSTING AND BUDGETARY CONTROL

DIFFERENCE BETWEEN STANDARD COSTING AND BUDGETARY CONTROL The difference between standard costing and budgetary control is as follows: STANDARD COSTING…

EXPLICIT VS IMPLICIT COSTS
Mar06March 6, 2020KEY DIFFERENCES, MANAGERIAL ECONOMICS, MICRO ECONOMICS

EXPLICIT VS IMPLICIT COSTS

EXPLICIT COSTS VS IMPLICIT COSTS The difference between Explicit costs vs Implicit costs are as follows: EXPLICIT COSTS Explicit costs…

PROCESS COSTING VS JOB COSTING
Feb21February 21, 2020COST ACCOUNTING, KEY DIFFERENCES

PROCESS COSTING VS JOB COSTING

PROCESS COSTING VS JOB COSTING Process Costing vs Job Costing is as follows: JOB COSTING Job costing or job order…

DIFFERENCE BETWEEN JOB COSTING AND CONTRACT COSTING
Feb20February 20, 2020COST ACCOUNTING, KEY DIFFERENCES

DIFFERENCE BETWEEN JOB COSTING AND CONTRACT COSTING

DIFFERENCE BETWEEN JOB COSTING AND CONTRACT COSTING The difference between Job Costing and Contract Costing is as follows: BASIS OF…

DIFFERENCE BETWEEN JOB COSTING AND BATCH COSTING
Feb17February 17, 2020COST ACCOUNTING, KEY DIFFERENCES

DIFFERENCE BETWEEN JOB COSTING AND BATCH COSTING

DIFFERENCE BETWEEN JOB COSTING AND BATCH COSTING The Difference between Job Costing and Batch Costing is as follows: BASIS FOR…

COST SHEET VS PRODUCTION ACCOUNT
Feb17February 17, 2020COST ACCOUNTING, KEY DIFFERENCES

COST SHEET VS PRODUCTION ACCOUNT

COST SHEET VS PRODUCTION ACCOUNT Cost statement may be presented in the form of ledger account termed as “production account”.…

DIFFERENCE BETWEEN TRADITIONAL COSTING AND ACTIVITY BASED COSTING
Feb16COST ACCOUNTING, KEY DIFFERENCES

DIFFERENCE BETWEEN TRADITIONAL COSTING AND ACTIVITY BASED COSTING

DIFFERENCE BETWEEN TRADITIONAL COSTING AND ACTIVITY BASED COSTING The difference between Traditional costing and activity based costing is as follows:…

DIFFERENCE BETWEEN ALLOCATION AND APPORTIONMENT OF OVERHEADS
Feb16February 16, 2020COST ACCOUNTING, KEY DIFFERENCES

DIFFERENCE BETWEEN ALLOCATION AND APPORTIONMENT OF OVERHEADS

DIFFERENCE BETWEEN ALLOCATION AND APPORTIONMENT OF OVERHEADS The difference between Allocation and Apportionment of overheads is as follows: ALLOCATION OF…

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