Explain the difference between Trial Balance and Balance Sheet.

Question

18 May 2022

Answer :

Word Count : 369

Basis Trial Balance Balance Sheet Meaning Trial Balance is a statement which accounts all the balances of the Personal account, Real account and Nominal account regardless of either Revenue or Capital A/c A Balance Sheet is a statement which shows the liabilities, assets and shareholder’s equity of the enterprise. This statement comprises of 2 major heads in which it is categorised: One is assets, which is classified into Non – Current Assets and Current assets Stock _________ _________ __________ ___ ___ ______ _______ ____ _____ ____.
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