What is the Difference between Balance Sheet and Trail
Balance ?
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Answer / g.sagar patra
Trial Balance is the summary of all ledger account while Balance sheet is a statement which is prepared to known the financial position of the business on a particular period.
| Is This Answer Correct ? | 70 Yes | 2 No |
Answer / kishor
Balance sheet is an statement which is showing final
position of an account.& the Trial Balance meanse
Collection of all ledger accounting Balancess which is used
to use show final position of the account.
| Is This Answer Correct ? | 12 Yes | 6 No |
Answer / priyanka
trial balance is a statement just showing the items.
but balance sheet is a financial statement that has assets and
liabilities and shows the financial position of a firm as on a
date
| Is This Answer Correct ? | 9 Yes | 5 No |
Answer / guest
Trial Balance includes ledger pertaining to
Income,Expenditure,Asstes aswell as Liabilities of a company
But Balance sheet includes only Asstes and Liabilities of a
company
Trial Balance prepared for poarticular Financial Year but
Balance sheet is prepared for particular date ie on 31 St
MARCH
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / naveen kumar r
Balance sheet is the Statement of Assets, Liabilities and Equity i,e Financial Position of the company.
Trail Balance is also the Statement which Includes Debit and Credit balances which were taken from ledger Accounts. It is prepared only after posting the journals to Ledger Accounts.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sathish raju
in balance sheet we wil calculate liabilites and assets
| Is This Answer Correct ? | 12 Yes | 21 No |
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