Log in

View Full Version : How to convert trial balance to balance sheet


mate
Oct 17, 2013, 02:31 AM
How to convert trial balance to balance sheet

pready
Oct 20, 2013, 09:15 PM
From the adjusted trial balance you transfer your income statement accounts to the Income Statement. Your difference between your debits and credits is net income. Now transfer your balance sheet accounts from your adjusted trial balance to the balance sheet, remembering to add net income to get your debits and credits to equal.