Difference Between Trial Balance And Bank Reconciliation
Some of the important differences between Trial Balance And Bank Reconciliation are shown below: 1. Trial Balance shows the Arithmetic Accuracy of closing Balances of different types of Ledger’s Accounts while Bank Reconciliation shows the differentiation arises between Cash Book And Pass Book and how to reconcile these differences so that the Bank Balance as Per Pass Book and Cash Balance as Per Cash Book should agree at the end of Accounting Period. You can Also Read Out “ Difference Between Ledger And Trial Balance ” 2. Trial Balance is prepared by the Accounting Department of company, so it is the internal matter of the company to show equality of Closing Balances of different accounts transferred from concerned Ledgers while in case of Bank Reconciliation, there are two parties i.e., Company And Bank, so it is internal as well as external matter of the company. So, both Trial Balance And Bank Reconciliation are prepared to ...