The only visible difference between the AK-47 and the AK-56 is that the AK-56 has a fully enclosed, hooded front sight whereas the AK-47 sports a partially enclosed front sight.
Some versions of the AK-56 also have a folding spike bayonet whereas the AK-47 has a detachable knife bayonet. Apart from these it is almost impossible to visually distinguish between the rifles.
Both the guns have similar dimensions but the AK-56 assault rifle is a bit lighter, weighing 3.8 kg compared to the 4.3 kg weight of the AK-47 rifle.
They both use 7.62 mm cartridges and have a 30 round feed system meaning that one magazine can hold up to 30 bullets.