what is difference between trail balance and balance sheet
- 2 Answers
- 4849 Views
- MC Packaging, Wipro, I also Faced
- E-Mail Answers
Answer Posted / arja
Statement of debit and credit balances were taken from general ledger is known as Trial Balance. Statement of assets and equity & liabilities is known as Balance Sheet. ... Trial Balance is prepared after posting into ledger whereas Balance Sheet is prepared after the preparation of Trading and Profit & Loss Account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
how many types excise audits and when they are applicable to firm
What do you debit and credit if discount allowed is underrated?
what is consignment entry?
if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me
What is the difference between accrual
What are assets minus liabilities?
What is computerized accounting?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
What are the difference between Debit Memorandum and Credit Memorandum?
what are the direct expense of loan department in banks.
Hey can any body tell me..What are negative assets?
What is general ledger account?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
What is accounting chart of accounts?
