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Wealth is a term used to describe anything which can be a
utility depending upon the need. In terminology of economics
wealth is a pool of tangible or intangible assets such as
goodwill or strong brand image which can be a resource of gain.
While money is the valued entity which can be exchanged for
another utility item. It's different from the wealth which
is a more general word to express pool of utility. Money
can be considered a subset of the set wealth. A demand draft
or credit card can qualify as money.
But cash is specifically used for a means of exchange which
is approved by a regulatory body as currency. So dollars and
euro come under the category of cash, and cash is a subset
of money.
-JP Morgan
Wiki User
∙ 13y ago
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What is the difference between profit and cash?
Cash is liquid asset - it is the money we received not what we are promised for . Cash can also flow out of business while profit is earned by business and is represented on paper ( in the accounts ) .
Difference between cash credit and overdraft?
Cash is money. Credit is a delayed form of payment. Overdraft is based on credit and is also a delayed form of payment.
What profit is the difference between the incoming cash and outgoing cash?
cash balancing
What is the difference between pay cash and pay in cash?
Nothing.
What is the difference between CRR and SLR?
CRR stands for Cash Reserve Ratio - The amount of money each bank has to maintain as deposits with the central bank SLR - Statutory Liquidity Ratio - The amount of money each bank has to maintain as liquid cash to meet its daily cash requirements.
What is the difference between budget and cash?
Budget is forecasting future cash needs and cash is most liquid form of money at present.
What is the difference between a registered check and a money order?
For a money order, the bank account doesn't change so people can cash it in easily
What is the difference between profit and cash?
Cash is liquid asset - it is the money we received not what we are promised for . Cash can also flow out of business while profit is earned by business and is represented on paper ( in the accounts ) .
What is a differential cash flow?
Differential cash is the difference in cash due between selecting between different alternative options or projects.
Difference between cash credit and overdraft?
Cash is money. Credit is a delayed form of payment. Overdraft is based on credit and is also a delayed form of payment.
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
What profit is the difference between the incoming cash and outgoing cash?
cash balancing
What is the difference between pay cash and pay in cash?
Nothing.
Which record company is the best between cash money and bad boys?
Cash Money!
What is the difference between money and monney?
Money exists as hard money, being coins and paper cash, or electronic money. Hard money is circulated by the Central Banks of Nation States. Monney is not a word.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the difference between ATM fast cash and withdrawal?
Fast cash is getting money for a specified amount under options 20, 60 , 100, 500, whereas Withdrawal is entering a specified amount for which you receive cash.
