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What is difference between revaluation account and realization account?
Revaluation account and Realisation account both are nominal account. the purpose of revaluation account is taking the effect of fluctuations in asset & liabilities in their books while purpose of realisation account is to closing the books of accounts of a comapany or a firm. Revaluation a/c is made when any fluctuation in value of an asset takes place. realisation a/c is made at the time of liquidation of a company or a firm.
What is the difference between ending inventory using LIFO and ending inventory using FIFO referred to as?
LIFO Reserve
What is the difference between capital reserve and reserve capital?
Capital reserve is a reserve created to deal with general, unspecified contingencies such as inflation. It is a fund set aside for the specific purpose and can not be distributed for other uses. Normally it is legally not distributable as dividends to shareholdersReserve Capital is the part of the Authorised capital which is not yet called up
What is the difference between retained earnings and reserve?
Retained earnings are current year profit and Reserves are allotted the amount from last year profits as reserves.
What is the difference between the revenue that a company brings in from selling goods and services and the cost of generating this revenue called?
For a normal business it is Profit or Loss (depending upon which is greater) For a non-profit organisation (eg a Charity) it is Surplus or Deficit.
What is the difference between reserves and surplus?
A reserve is a planned amount, a surplus is unplanned.
The difference between what the workers produce and what they earn is surplus value?
Surplus value is the difference between the value that workers produce and what they are paid in wages.
What is customer surplus and producer surplus?
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
Consumer surplus and producers surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
What is the difference between a surplus and a deficit?
A surplus is more than needed, a deficit is a shortage or loss
The difference between primary and secondary reserves?
what are the diffrence between primary reserve and secondary reserve?
What is the difference between energy deficit and energy surplus?
Surplus energy is an excess amount and deficit is not enough energy
What is the difference between marketable surplus and marketed surplus?
The principal difference is time perspective: marketable surplus is produce that a farmer currently has on hand to take to market to earn a profit, while marketed surplus is what she has already taken to market to earn a profit.
How can one determine the total surplus at equilibrium in a market?
To determine the total surplus at equilibrium in a market, you can calculate the area of the triangle formed by the supply and demand curves. This area represents the total surplus, which is the sum of consumer surplus and producer surplus. Consumer surplus is the difference between what consumers are willing to pay and what they actually pay, while producer surplus is the difference between what producers are willing to accept and what they actually receive.
What did Marks call the difference between what the workers produce and what they earn?
Surplus.
Definition of consumer surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare
What is difference between fund and reserve?
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