Difference Between General Ledger And Trial Balance
Here we will study about the some of the main differences between General Ledger And Trial Balance . 1. Ledger is the Primary, Main or King of Books of Accounts where all the accounts are posted from Journal or Book in classified form for the accounting period but Trial Balance shows Arithmetic Accuracy of the Balances of Accounts shown on Debit and Credit side and helpful in finding mistakes and errors & frauds in order to rectify these mistakes, errors and frauds later on. So, it is the book of final entry i.e., all the closing balances of different kinds of accounts are transferred to ledger in a classified and separate form. Examples are Accounts Receivable Ledger , Accounts Payable Ledger , Sales Ledger, Purchases Ledger, etc., while a Trial Balance shows the arithmetic accuracy of closing balances of different accounts by showing debit accounts lists with credit accounts lists for the period. 2. A Ledger shows the Business Transactio...