What is the difference between trial balance and general ledger?
|S.no||trial balance||general ledger|
|1.||it records the final entries of the transactions||It checks the mathematical accuracy of the general ledger balances.|
|2.||This is done accordant to the class of accounts||Classification of accounts is not done|
|3.||It records the transactions all along the accounting year.||It is finalized on the last day of the accounting year.|
This is one of the most asked accounting interview questions