Author: Terms compared staff

Debit note vs credit note

All profit-making businesses involve purchase and sales transactions. This can be purchase and sale of goods or/and services. These transactions happen on the basis of invoices that specify several details including customer...

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Buy vs lease

When planning to buy an asset, customers have to make the decision of how to make the payments for the asset. They have the option of either paying the total amount of cash that the asset is worth up front, or to borrow the cash...

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Accrual vs provision

Every business has expenses – all types of expenses occurring for different purposes and at different stages of the business. Correct accounting for expenses is important to ensure that the financial statements reflect the true...

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