Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Difference between Balance Sheet and Trail
Balance ?
- 6 Answers
- 13284 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Rent received in advance journal entry
goods sold to mr x of rs5000/-,out of that we give him discount allowed of rs 500/-,and we take setting charges of rs1000/-.so what will be the entry?
When did Bonus shares issued?
what is the difference between "reserve" and "fund"
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
What Is The Entry Of fixed Assets & Which Ledger? How Many Entries Are Posted For 1 Transaction? If We Paurchase Asset From XYZ Ltd. & Make Payment.
Difference between Accounting Concepts and Conventions
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
Ramu started business with rs 1000000.give me journal entry. plz explain brefily
i have 100 rupees. how i can divide in 21 note who is equal to 100 rupees??
5 Answers Klash Private Limited,
What is earning per sahre? how does it impact the share holder?
what is TDS..? and Entry for TDS..?
Audit 
