Accountancy - Differences between trial balance and balance sheet | 11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I
Chapter: 11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I
Differences between trial balance and balance sheet
The following are the differences between trial balance and balance sheet:
Differences between trial balance and
balance sheet
The following are the differences
between trial balance and balance sheet:
Tutorial note
If a trial balance is not given in the question, trial balance has to be prepared first. If there is a difference in the trial balance, the difference is placed to ‘suspense account’ and shown in the balance sheet.
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11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I