Differences between Accounting terms of Class 11 – Financial Accounting

To understand the meaning of any term you also need the thing not included in the meaning of that term. So, knowing the difference between two terms will clarify the meaning of both terms. With the help of the Differences between Accounting terms of the Class 11 chapter, you will understand the meaning of various terms of accounting for class 11.

Differences between the various financial accounting terms: –

We have covered all of the Differences between Accounting terms of Class 11 which will help you to clear your doubts about various topics. So please read the all differences one by one.

Difference Between Trade Discount and Cash Discount

Provision and Reserve: Differences with example

Difference Between Trading and Profit & Loss Account

Difference Between Single Entry and Double Entry

Difference Between Bookkeeping and Accounting

Debit and Credit- Meaning, Differences

Difference Between Cash Accounting and Accrual Accounting

Difference between Journal and Ledger

Difference Between Cash Book and Cash Account

Difference between Gross profit and Net Profit

Difference between the Trial Balance and Balance Sheet

Difference between the Profit and Loss account and Balance Sheet

Capital and Revenue expenditures: Meaning and Differences

Direct and Indirect Expenses: Differences

Difference Between Bills of Exchange and Promissory Note

Advertisement-Y

Direct and Indirect Incomes: Differences

Difference Between Revenue and Profit

Difference between Gross profit and Operating Profit

Difference between Operating Profit and Net Profit

Difference Between Loss and Expense

Difference Between Discount and Rebate

Difference Between Purchase Book and Purchase Account

The Difference Between Sales Book and Sales Account

Difference between the Ledger and Trial Balance

Differences between Capital and Revenue Receipts:

Differences between Fixed Assets and Current Assets

Difference Between Tangible and Intangible Assets

Differences between Fixed Assets and Fictitious Assets

Differences between Current Assets and Fictitious Assets

Difference between Current and Liquid Assets

Advertisement-Y

Difference between Current Assets and Current Liabilities