Accounting

Difference Between Fixed Capital and Working Capital

A businessman needs to invest capital in a business to operate efficiently. It’s divided further into two different parts. These are fixed capital and capital for work. Before going into the differences between fixed capital and working capital, it’s important to know that a company has to have both fixed capital and working capital at …

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Difference Between Statement of Affairs And Balance Sheet

Statement of affairs and balance sheet differ in many ways. We can differentiate balance sheet and statement of affairs on the basis of single or double entry, basis of preparation and more. But if we talk about main difference between statement of affairs and balance sheet then we can say that statement of affairs is …

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