what is the difference b/w interest & markup?
Answer Posted / obaid
Interest is the amount paid in addition to the original price while mark up is the topping up on the original price. The main difference is; they are treated differently in the books of accounts though leading to the same point ie profit earned at the end of an accounting period resulting in an increased owner's equity.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
What is One Rank One Pension Scheme?
What is the usage of IFSC Code?
What is a stale cheque?
how to explain an excellent self introduction or about u r self?
A man purchase 1 Nokia mobile net price 10000 discount 25% than half of the amount cash & half of the amount check?
Share your views on NBFCs?
How will banks help in improving the economy?
What are adjustment entries?
How is trial balance different from balance sheet?
What is liquidity adjustment facility?
Explain finance committee with the help of flow chart?
Tell something about prime lending rate?
What is the educational qualification required for marketing officer and asst. Manager posts?
Do you know the difference between Balance of payment and Balance of Trade?
What is Capital of a Company?