What is the Difference between Balance Sheet and Trail
Balance ?
Answer Posted / 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 |
Post New Answer View All Answers
what are the steps for the payment cycle of the firm or company?
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
You are a B.E Student? How can u manage Banking?
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
Explain what knowledge should financial accountant have?
What is the revenue recognition principle?
How you can adjust entries into account?
Knowing what you know now, walk me through what you would do differently to drive even more success?
what is lease accounting?? please explain me....
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
get fixed assets items
Mention in simple terms what is the difference between asset, equity, and liabilities?