Difference between Bank of America and Bank of America Merrill Lynch

People often confuse themselves differentiating bank of America and its Merrill lynch. They belong to same category but are actually different. Merrill lynch is a branch of Bank of America. Let us find out how these two are different from each other. Bank of America It is often abbreviated as BofA, it is an American … Read more Difference between Bank of America and Bank of America Merrill Lynch

Difference between visa card and master card

The bank transactions of customers are handled by both visa card and master card. Both act as a middleman between customer and bank and retailer. They act as payment network and regulate or process every payment you make. Visa card is quite different from master card based on many reasons. Let us discuss how they … Read more Difference between visa card and master card

Difference between Chase and J.P. Morgan

Difference between Chase and J.P. Morgan

Banking is one of the most demanding institututions around the globe. There are a lot of competitors in this filed, every institute providing its unique services to their customers. Chase and Jp Morgan are one of the leading banks in United States. These both have similarities as well as differences between them which will be … Read more Difference between Chase and J.P. Morgan

Difference between Quickbooks and FreshBooks

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 Difference between Quickbooks and FreshBooks

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 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 Partner and Associate

Different industries have various technical terms and jargon. This can cause some confusion especially when the terms used are almost synonymous in regular language. In this article, we will discuss how the terms partner and associate differ in the context of law and accounting. Partner A partner in business is generally a part-owner of a … Read more Difference Between Partner and Associate