A credit memo is a commercial document issued by a supplier to the customer notifying the reduction of the amount that a customer owes to the seller.

Capital budgeting is a process through which different projects are evaluated in terms of cost and benefits. It is the firm’s formal process for acquisition and investment of capital.

Depreciation can be defined as a reduction in the value or the effective economic life of an asset owing to several reasons

A bill of sale is a legal document that serves as proof of sale and purchase transaction. It is a document that records the transfer of ownership from one person to another

Capital Expenditures are the category of assets that generally indicate the most important use of a company's resources.

As the name implies, administrative expenses are the regular expenses you incur as a part of regular business activities.

Accumulated depreciation is the total amount a company depreciates its assets, while depreciation expense is the amount a company's assets are depreciated for a single period

Ratio analysis is a study that determines and interprets numerical relationship based on financial statements. It is with the help of these techniques;

Having a fair idea about cost accounting and management accounting opens a spot for clear sector-wise study to understand the differences between these two for in-depth analysis.