Are LLP and LLC the same?
Are LLP and LLC the same: Structure: LLP is a partnership where the owners perform as partners. Partners have a direct role in the management and operations of the business. … Read More »
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What is difference between accrued expense and outstanding expense?
Accrued expense definition Accrued expense definition, Accrued expense and outstanding expense are both terms relate to expenses that are incur but not yet paid. However, there is a difference between the two terms: Accrued expense An accrued expense is an expense that has been generate but not yet paid, and has not been record in… Read More »
What is the difference between total revenue and total cost?
Difference between Total Revenue and Total Cost The distinction between total revenue and total cost lies at the heart of understanding a business’s financial performance. Here are to know each concept and explore their differences: Total Revenue Definition: Total revenue refers to the total amount of money generated from sales of goods or services over… Read More »