Difference Between Corp. and Inc.

The abbreviations Corp. and Inc. can often be found with the names of businesses. Corporations use both Corp. and Inc. at the end of their company name, but would have to choose between the two. Although both abbreviations refer to an incorporated company and have the same implementations, entities can only use one consistently. Here … Read more Difference Between Corp. and Inc.

Difference Between Hotel and Motel

Nowadays, travelers and vacationers have a wealth of choices when it comes to accommodation. However, the traditional hotel and motel are still popular options. Since they are both lodging facilities with similar amenities, people tend to confuse them. Here, we will discuss the differences between a hotel and motel. Hotel The word “hotel” originated from … Read more Difference Between Hotel and Motel

Difference Between Loan and Mortgage

Things like a loan and mortgage have become so commonplace in modern settings that even the distinction between the two has become muddled. Both are common forms of liabilities and can come in types as well. Here, we will discuss the difference between a loan and mortgage Loan A loan is finances, property or other … Read more Difference Between Loan and Mortgage

Difference Between Limit Order and Stop Order

There are different terms and actions taken in the investment world and this includes the limit order and stop order. These two terms may seem similar at a glance but they can have a significant distinction in trading. In this article, we will examine the differences between a limit order and stop order. Limit Order … Read more Difference Between Limit Order and Stop Order

Difference Between ABS and PVC

There are different kinds of pipes in plumbing and among them, ABS and PVC pipes are two of the most popular ones. People who don’t have much experience with plumbing may think them similar, but they actually have differences that can be relevant to your plumbing needs. Here, we will discuss the difference between ABS … Read more Difference Between ABS and PVC

Difference Between Malpractice and Negligence

In many cases under the law, the issues of malpractice and negligence tend to overlap that people often mistake them to be the same thing. However, there are important points that clearly distinguish between malpractice and negligence, Here, we will compare the traits of each and determine how they are different. Malpractice Malpractice is classified … Read more Difference Between Malpractice and Negligence

Difference Between Capital Lease and Operating Lease

In finance, a lease is a contract wherein a person or property grants property, services, etc. for a specified period of time in exchange of payment. There are two types of accounting methods when approaching leases – capital lease and operating lease. In this article, we will discuss the distinction between the two. Operating Lease … Read more Difference Between Capital Lease and Operating Lease

Difference Between U.S. GAAP and IFRS

Different countries use different methods of approach in different fields, including accounting. The U.S. GAAP and IFRS are two accounting standards and guidelines that provide a basis for a clear and uniform accounting process. Here, we discuss the differences between the U.S. GAAP and IFRS. U.S. GAAP U.S. GAAP stands for “U.S. Generally Accepted Accounting … Read more Difference Between U.S. GAAP and IFRS

Difference Between Sole Trader and Private Limited Company

There are various types of business structure and they start from the most basic – sole trader, partnership, and corporation. These types are further divided into different forms. In this article, we will discuss the difference between a sole trader and a private limited company. Sole Trader A sole trader is also called a sole … Read more Difference Between Sole Trader and Private Limited Company

Difference Between Sole Trader and Partnership

There are three main business structures –  sole proprietorship or sole trader, partnership and corporation. In this article, we will touch the topic of a sole trader. Here, we will differentiate a sole trader and partnership. Sole Trader A sole trader is also known as a sole proprietor. Its most basic definition is a business structure … Read more Difference Between Sole Trader and Partnership