Current accounts were designed for business people, while savings accounts were designed for general salaried people. Also, savings account were created with the purpose of saving money and that’s why provides...

Debt is every similar to liabilities. Both refer to obligations in which money needs to be paid back. In most instances, debt includes all liabilities, especially when calculating debt-to-equity ratio. However...

An asset is anything that can be utilized to make more money. A liability is an obligation on which money has to be paid. In terms of banking, an asset is anything on which one earns an interest, whereas a...

Cash Credit and Overdraft are types of credit that businesses can avail from a bank or similar institutions. The main difference between Cash Credit and Overdraft is that overdraft is extended on an existing...

The main difference is the service delivery – in 4-star hotels, you shall ask it and you will receive. However, in 5-star hotels service is provided even before the customer asks. They provide service...