Write any two different balance sheet and trial balance
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Statement of assets and equity & liabilities is known as Balance Sheet. Trial Balancedoes not include closing stock while the Balance Sheet does not include opening stock. Trial Balance is prepared after posting into ledger whereas Balance Sheetis prepared after the preparation of Trading and Profit & Loss Account.
this is your answer
Statement of assets and equity & liabilities is known as Balance Sheet. Trial Balancedoes not include closing stock while the Balance Sheet does not include opening stock. Trial Balance is prepared after posting into ledger whereas Balance Sheetis prepared after the preparation of Trading and Profit & Loss Account.
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BALANCE SHEET:
1. The Balance sheet is the statement which shows the assets, equity and liabilities of the company.
2. Balance sheet is prepared to show the financial position as on a particular date.
3. Balance sheet is prepared for internal use as well as external use; balance sheet is always a part of published accounts.
TRIAL BALANCE:
1. Trial balance is a statement showing debit and credit balances of all the ledger accounts as on a particular date; it contains balances of personal, real as well as nominal accounts.
2. The purpose of preparing trial balance is to test the arithmetical accuracy of the books of accounts.
3. Trial balance is prepared for internal use only.
HOPE IT HELPS UH....
BALANCE SHEET:
1. The Balance sheet is the statement which shows the assets, equity and liabilities of the company.
2. Balance sheet is prepared to show the financial position as on a particular date.
3. Balance sheet is prepared for internal use as well as external use; balance sheet is always a part of published accounts.
TRIAL BALANCE:
1. Trial balance is a statement showing debit and credit balances of all the ledger accounts as on a particular date; it contains balances of personal, real as well as nominal accounts.
2. The purpose of preparing trial balance is to test the arithmetical accuracy of the books of accounts.
3. Trial balance is prepared for internal use only.
HOPE IT HELPS UH....
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