The balance sheet includes outstanding expenses, accrued income, and the value of the closing stock, whereas the trial balance does not. In addition, the balance sheet must adhere to a standard ...

223476 - Expenses Paid: 0 -11260 -10300 -14567 ... -52830 = Closing A/P Bal: 30268 47936 81634 118617 ... 278344 There is only one other important balance sheet item which we cannot ignore. That is ...