Question

Difference between balance sheet and trial balance

Answer 1

Answer:

Trial balance is created to record all the balances of ledger accounts . Balance sheet is created to see whether the assets equal liabilities plus equity . Trial balance is used to see whether the total of debit balances equal credit balances . Balance sheet is used to show the accuracy of financial affairs of a company.....

Answer 2

Answer:

Explanation:

Trial balance is created to record all the balances of ledger accounts. Balance sheet is created to see whether the assets equal liabilities plus equity. Trial balance is used to see whether the total of debit balances equal credit balances. Balance sheet is used to show the accuracy of financial affairs of a company.