Differentiate Between Trial Balance by Balance Method and Trial Balance by Total Method

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Trial Balance By Balance MethodTrial Balance by Total Method1) It can be prepared after all the Ledger accounts have been balanced1) It can be prepared immediately after the completion of posting from books of original entry to the Ledger.2) It shows the balances of all the accounts in the Ledger.2) It shows the total amounts of the debit and credit sides in each Ledger Accounts.3) It considers only those accounts which show a balance. If an account shows no balance it will not be considered3) It considers all accounts of the Ledger.

*Trial Balance By Balance Method*	*Trial Balance by Total Method*
1) It can be prepared after all the Ledger accounts have been balanced	1) It can be prepared immediately after the completion of posting from books of original entry to the Ledger.
2) It shows the balances of all the accounts in the Ledger.	2) It shows the total amounts of the debit and credit sides in each Ledger Accounts.
3) It considers only those accounts which show a balance. If an account shows no balance it will not be considered	3) It considers all accounts of the Ledger.

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