The main difference between commission and committee is, the commission is appointed by the government for a specific purpose to report to the government about that, for which the commission is appointed to be while the committee is a subgroup of the original body which is not appointed by the government. This means it is …
Whenever the phrase “Memorandum” is used before any account, it means that a double-entry book-keeping method is not supported. A Memorandum Revaluation account is established where the partnership firm is not willing to adjust the value of the New Balance sheet assets and liabilities at the time of admission and retirement. In most cases, the …
Autonomous Bodies and Private companies are two different officials from different levels. This article gives a broad explanation of the differences between Autonomous Bodies and Private Companies. From this article, we would be able to understand that an Autonomous body indicates an independent body under Government control constituted in accordance with legislation and contains an …
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