What is the Difference between Balance Sheet and Trail
Balance ?
- 6 Answers
- 11262 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 |
why journal entry are necessary
who is the creditor and debtor
At the end of financial year need to verify the all entries in the books of accounts
What do you mean by material facts in accounting?
Compare financial accounting and cost accounting.
what is difference between job costing and process costing?
What is the Meaning of Value Date in Bank Statement ?
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
What is the difference of Fund Flow Statement and Cash Flow Statement?
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
0 Answers Franklin Templeton, TTC,
i dont know to calculate sales tax. how to calculate sale tax and what are basic procedure to calculation sale tax. i want basic procedure. any to know calculation of sales tax please send my mail. my id: rajendiranraje@gmail.com
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Audit 
