Differences and Similarities
Bank transactions are always handled by financial corporations. Two of the most popular worldwide are Visa and Mastercard. Both act as middleman between customer and retailer. They act as a payment network and regulate or process every payment made via debit or credit card. It is important to remember these companies ARE NOT BANKS, nor … Read more
Banking is one of the most demanding activities around the globe. There are a lot of competitors in this filed, every institution providing its unique services to their customers. Chase and JP Morgan are some of the leading banks in the United States. They both have similarities as well as differences. Chase (Chase Manhattan Bank). … Read more
When working to build up or grow your business, you will be most likely in the need of hiring accounting services. There are many companies and financial planning software options for you. For example, QuickBooks and FreshBooks. These two can help you to streamline your accounting, bookkeeping and overall business management processes. These softwares are … Read more
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
When applying for an account in the bank, you are given several options. Each bank has a different set of offerings to give, but the constant selections are the savings and checking accounts. Here, we will discuss the differences between a savings account and a checking account. Savings Account A savings account is more of … Read more
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
Last October 1, 2018, U.S. President Donald Trump announced the USCMA in the Rose Garden of the White House. The president considers this agreement as an improved version of the already existing NAFTA, but there are also people who beg to differ. How exactly is USMCA different from NAFTA? We attempt to shed some light … Read more
Scotland is a country that spans the northern third of Great Britain. The country, who is a part of the United Kingdom, shares a border with England. In this article, we will discuss Scotland’s currency. Scotland’s currency is the pound sterling, also known as the British pound by some people. This is the same currency … Read more
As of present, there are 180 recognized currencies in the world, including the pound and sterling. There is also a currency known as the pound sterling, which creates confusion due to the combination of two separate currencies. Here, we will discuss the differences between the pound and the sterling. The pound is popularly recognized as … Read more
Chapter 7 and Chapter 13 bankruptcy are only two of the four bankruptcy options that one can choose from in the United States. They are options when an entity is no longer able to pay for their liabilities. Here are the differences between chapter 7 and chapter 13 bankruptcy. Chapter 7 bankruptcy, also called liquidation … Read more