Home | | Accountancy 11th std | Differences between trial balance and balance sheet

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.

 

Tags : Accountancy , 11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I
Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail
11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I : Differences between trial balance and balance sheet | Accountancy


Privacy Policy, Terms and Conditions, DMCA Policy and Compliant

Copyright © 2018-2023 BrainKart.com; All Rights Reserved. Developed by Therithal info, Chennai.