Difference between Trial balance & Balance sheet

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Trial balance is a list of all general ledger accounts with their balances, while balance sheet is a financial statement that shows assets, liabilities, and equity at a specific point in time.

Trial balance is an internal document used to ensure the total debits equal the total credits in the general ledger.
Balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.
Trial balance is prepared before the financial statements, while the balance sheet is one of the financial statements prepared using the trial balance.
Example: Trial balance lists all accounts with their balances, while the balance sheet shows assets, liabilities, and equity at the end of a reporting period.

Difference between Trial balance & Balance sheet

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Difference between Trial balance &amp; Balance sheet

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Difference between Trial balance & Balance sheet