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What is the Difference between Balance Sheet and Trail
Balance ?

Answers were Sorted based on User's Feedback



What is the Difference between Balance Sheet and Trail Balance ?..

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

What is the Difference between Balance Sheet and Trail Balance ?..

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

What is the Difference between Balance Sheet and Trail Balance ?..

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

What is the Difference between Balance Sheet and Trail Balance ?..

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

What is the Difference between Balance Sheet and Trail Balance ?..

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

What is the Difference between Balance Sheet and Trail Balance ?..

Answer / sathish raju

in balance sheet we wil calculate liabilites and assets

Is This Answer Correct ?    12 Yes 21 No

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