DIFFERENCE BETWEEN TRIAL BALANCE AND BALANCE SHEET :

Trial balance	Balance sheet
1. It is a statement of debit balances and credit balances taken from the ledger.	1. It is a statement of assets and liabilities
2. It is prepared to test the arithmetical accuracy of books of account.	2. It is prepared to ascertain the financial position of the organization on a particular date.
3. Balances of all types of accounts i.e. personal, real, and nominal accounts are shown.	3. Balances of real and personal accounts only are shown.
4. It is usually prepared at the end of each month, three months, six months or at the end of accounting year before the preparation of trading and profit and loss account.	4. It is usually prepared at the end of the year after the preparation of trading and profit and loss account.
5. Closing stock does not appear in the trial balance.	5. Closing stock is shown on the assets side of the balance sheet.
6. It is prepared for internal use.	6. It is prepared for external use, i.e. for outside parties such as, creditors, shareholders (in case of companies), government authorities, etc.