What Is the Difference Between an Intern & an Extern?

Answer

Internship is a system in which a person does on-the-job training for a professional career. Externship is a learning opportunity, commonly given to college students, to get a short experience in a field of study. The key difference between an internship and an externship is that an externship is a much shorter term.
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Well. Are we talking about a Public company or a Privately held company? Are the financial statements for internal use or external use?

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