What is the difference between General Ledger and Trial
Balance?
Answer Posted / lxmi1972
General Ledger is the one recording of transactions in a
particular account head to show the actual movement of the
transactions and its effets.
On the other hand, Trial Balance is the consolidation of GL
Account figures which will show the total debit and total
credits of each accounts which are configured in GL .
At any situation, in Trial Balance, Debit and Credit total
should match.
| Is This Answer Correct ? | 15 Yes | 2 No |
Post New Answer View All Answers
in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.
What is the difference between depreciation and amortization?
Tell me why do you apply for a job of an account executive?
Role-specific management accountant job interview questions:
journal entry for goods withdrawn for personal use
How is the accounting for hire purchase transactions done?
is WCT aplicable on educational institutions also??????
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
how much cash transaction to single transport company per day and also per year
What's the accounting entry when an Invoice is created in AR?
what is casual receipt? is it exmpted in income tax?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
How calculate holding company account?
What is the double entry system explain its rules with examples?