Wats is balance sheet 2 what' is the trail balance sheet 3 what is different TS BS 4 some Entrys

Question

Accepted Answer

Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

Balance sheet provides a snapshot of a company's financial position
It includes assets (what the company owns), liabilities (what the company owes), and equity (the difference between assets and liabilities)
Trial balance sheet is a list of all the general ledger accounts with their balances at a specific point in time
Difference between trial balance sheet and balance sheet is that trial balance is an internal document used for checking the mathematical accuracy of the accounting records before preparing financial statements
Examples of entries on a balance sheet include cash, accounts receivable, inventory, accounts payable, and owner's equity

Top Satra Infrastructure Management Services Project Coordinator interview questions & answers