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
BY Best Interview Question ON 09 Apr 2019