Difference between Virtual and Abstract keywords in .NET

If we feel that the derived class may or may not override the base class method, then you will define the base class method as virtual. Consider the following example:
namespace Application1
{
public class virtualClass
{
public virtual void virtualMethod(){
Console.WriteLine("Virtual Method..");
}
}
public class derivedClass:virtualClass
{
public override void virtualMethod(){
Console.WriteLine("Overridden..");
}
}
public class testClass 
{
public static void Main()
{
virtualClass obj = new virtualClass();
obj.virtualMethod();
derivedClass dObj = new 
derivedClass();
dObj.virtualMethod();
}
}
}
Output of this code will be:
Virtual Method..
Overridden..
But if you want to enforce that derived class must override the base class method then you will define the base class method as abstract. 
namespace Application1 
{
public abstract class abstractClass
{
public abstract void abstractMethod();
}
public class derivedClass:abstractClass
{
public override void abstractMethod()
{
Console.WriteLine("Overridden..");
}
}
public class testClass
{
public static void Main() 
{
derivedClass obj = new 
derivedClass();
obj.abstractMethod();
}
}
}
Output of this code will be:
Overridden..

2.Virtual methods need not be compulsorily overridden. In the above example if the derived class does not override the method virtualMethod, then again the code will work.
Abstract methods should compulsorily be overridden by the derived class. In the above example, if the derivedClass does not override abstractMethod, then during compilation you will get the following error:
'Application1.derivedClass' does not implement inherited abstract member 'Application1.abstractClass.abstractMethod()'.

3.To define a base class method to be virtual, you need not include any new definition for the base class. In the earlier example, you can see that the class virtualClass just includes an access modifier followed by the class name. No other additional modifiers are required.
If you want to define a method as abstract in the base class then the base class should also be marked as abstract. Consider the following example:
namespace Application1 {
public class abstractClass {
public abstract void abstractMethod();
}
}
In this example, abstractClass has an abstract method. Hence the class in itself has to be marked abstract. But it is not done in the above example. Therefore during compilation, you will end up in the following error:
'Application1.abstractClass.abstractMethod()' is abstract but it is contained in nonabstract class 'Application1.abstractClass'

4. Virtual method can have a method body. In the earlier example, virtualMethod of virtualClass has method definition like any of the other methods that you define and it is perfectly legal.
Abstract methods have only the signature. It cannot have method body. However the abstract class can include non-abstract methods and these methods can have method body defined. Consider the following example:
namespace Application1 {
public abstract class abstractClass {
public abstract void abstractMethod(){
Console.WriteLine("Abstract 
method..");
}
}
}
Here you are trying to include method body for an abstract method. This is not permissible. Hence during compilation you will end up in the following error:
"'Application1.abstractClass.abstractMethod()' cannot declare a body because it is marked abstract"

5. Class containing virtual method can be instantiated. Here is an example:
namespace Application1
{
public class virtualClass
{
public virtual void virtualMethod()
{
Console.WriteLine("Virtual Method..");
}
}
Public class testClass
{
public static void Main() 
{
virtualClass obj = new virtualClass();
obj.virtualMethod();
}
}
}
Output of this code will be:
Virtual Method…
Class containing abstract method cannot be instantiated. It can only be inherited. Consider the following example:
namespace Application1
{
public abstract class abstractClass
{
public abstract void abstractMethod();
}
public class testClass {
public static void Main() {
abstractClass obj = new abstractClass();
}
}
}
Here you are trying to create an instance of abstract class. This is not possible. Hence during compilation you will end up in the following error:
"cannot create an instance of the abstract class or interface Application1.abstractClass"

6. Not just methods, virtual modifier can also be used with properties.
Apart from class and method, the modifer abstract can be associated with properties, events and indexers.

7.There is a restriction when using virtual modifer. You cannot use this modifer along with static or abstract or override modifiers.
Abstract modifiers also have a restriction. They cannot be used along with static or virtual or override modifiers.