Trial balance vs Balance sheet

Difference Between Trial Balance and Balance Sheet: Following points describe the difference between trial balance and balance sheet: Trial Balance Balance Sheet (i) The trial balance contains the balances of all the three accounts i.e. real, nominal and personal. (i) The balance sheet contains the balances of real and personal accounts only. (ii) The trial balance shows the arithmetical accuracy of the accounts. (ii) The balance sheet exhibits the financial position of the business concern. (iii) Trial balance is prepared before the preparation of the trading, PLS account and balance sheet. (iii) Balance sheet  is prepared after the preparation of trading, P&L  account as well as the trial balance. (iv) The outstanding incomes and expenses are not incorporated in the trial balance. (iv) Balance sheet shows outstanding expenses and accrued income. (v) The value of closing stock is not stated in the trial balance. (v) The value of closing stock is stated in thebalance sheet. (vi) The trial balance is not presented to users of financial statements. (vi) The balance sheet is included in financial statements to be presented to the users.