Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Financial accounting (https://www.askmehelpdesk.com/showthread.php?t=59392)

  • Feb 1, 2007, 06:20 PM
    joab3761
    Financial accounting
    What is the difference between a classified balance sheet and a adjusted trial balance?
  • Feb 1, 2007, 08:21 PM
    CaptainForest
    That is like asking what is the difference between a car and a boat.

    They are both completely different tools.

    A balance sheet outlines a company's position at a moment in time, their assets, liabilities, equity.

    A trial balance just makes sure all of your accounts balances. That is, your debits = credits.

  • All times are GMT -7. The time now is 10:38 AM.