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Accountancy - Differences between trial balance and balance sheet | 11th Accountancy : Final Accounts of Sole Proprietors - I

Chapter: 11th Accountancy : 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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