Realization: when sold and coverted to cash (or claims to cash) Recognition: when recorded in the financial statements.
MICR stands for Magnetic Ink Character Recognition. OCR stands for Optical Character Recognition. The former uses magnetic ink, the latter doesn't.
To prepare a realization account, start by listing all the assets and liabilities of the partnership or business being dissolved. Record the sale proceeds of assets on the credit side and any liabilities settled on the debit side. The difference between the total credit and debit will represent the profit or loss from the realization of assets. Finally, transfer the net result to the partners' capital accounts according to their profit-sharing ratio.
difference between cost and costing
difference between broker and commission agent
there is no difference.
realization.
Sound is any voice is particular.Sound refers to source of voice. Voice is the recognition of the sound...
The word "aha" is a verbal representation of an exclamation of understanding, realization or recognition.
awareness, understanding, knowledge, recognition, sensibility, realization, apprehension
In computer language, I perceive the difference between "see" and "view" as the difference between "see" (mere ocular recognition) and "read". For instance, "Click one of the documents you see on the screen to view it".
MICR stands for Magnetic Ink Character Recognition. OCR stands for Optical Character Recognition. The former uses magnetic ink, the latter doesn't.
We may recognize something without approval, but we cannot approve of something without recognition.
A reward is receiving something in exchange for your actions.Recognition is more like acknowledgement and/or appreciation of your actions.
Recall is to remember something by thinking or recalling i t in your mind from memory whereas recognition is to remember something in your memory through looking at something and recognising it as something seen before.
acceptance, acknowledgment, awareness, cognizance, concession, consciousness, detection, discovery, identifying, notice (noun), perceiving, realization, respect, understanding
Accrual concepts use the matching of expenses to get an overall picture of a person's account. A realization concept is based on the results of the accrual process.
Both of these are ways to identify a person. An iris recognition looks at eyes and finger prints look at fingers.