Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Difference between Balance Sheet and Trail
Balance ?
- 6 Answers
- 13608 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 |
which date is effected in books related bank recancilation transaction date or value date?
Give example of an intangible Asset that is depriciable
what is three equity security data points
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,
what is revenue recognition rule, and can you specify the answer.
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
How we change the Opening Stock or Closing Stock of any item in tally?
what is the difference between 'quotation' and 'proforma invoice'?
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
What does the investment of personal assets by the owner will do?
Is there any different between Modvat & Cenvat...?
What is f form and where it is used?
Audit 
