Accountancy, asked by vanshchaudhary75, 5 months ago

state 4 difference between
balance sheet and trail sheet

Answers

Answered by hnraviraj3

0

Answer:

A trial balance can be defined as a statement of debit as well as credit balances whereas a balance sheet can be defined as a statement of assets, liabilities and stockholders' equity. Trial balance ignores opening stock and includes closing stock whereas balance sheet includes opening stock but excludes closing stock.

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