DIFFERENCE BETWEEN TRIAL BALANCE AND BALANCE SHEET

TRIAL BALANCE	BALANCE SHEET
The trial Balance is prepared to check the arithmetical accuracy of the Books of Accounts	Balance sheet is prepared to knowledge true position of Assts and liabilities particular date
Trial balance doesnot show the financial position of business	The financial position can be knowledge from balance sheet
The trials balance is prepared based on the Ledger Accounts	The balance sheet is prepared on the base of information from trial balance
The preparation of trial balance is not compulsory	The preparation of balance sheet is must
Trial balance cannot be shown as a documentary evidence	But balance sheet will be accept documentary evidences by tax authorities and courts