Question

what is difference between trial balance and balance sheet

Answer 1

HEY MATE HERE IS YOUR ANSWER:-

TRAIL BALANCE:-

1. Statement of debit and credit balances were taken from general ledger is known as Trial Balance.
2. Trial Balance is prepared after posting into ledger

BALANCE SHEET:-

1. Statement of assets and equity & liabilities is known as Balance.
2. Balance Sheet is prepared after the preparation of Trading and Profit & Loss Account.

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