The main difference between consignment and sale is, in the case of consignment ownership doesn’t change with the sale of goods to the other person but in the case of a sale, the ownership of goods change with the sale of goods to the other person. It means in the case of consignment the ownership …
In this article, we see the major difference between production and productivity. What does it mean? In simple terms, production is the process in which raw materials are changed into a finished output or product. While in productivity it is the actual output or input of any production is called productivity. We see the advantages …
It’s a fact that firms get benefited after using a cost accounting system. Nowadays, almost all firms depend on cost accounting methods. But despite having so many advantages, there are also limitations of cost accounting. Many small firms consider the cost accounting system more complex, compared to others. In this article we will focus on …
