A transcript is proof of education. It has a detailed record of all the subjects you have studied with your scores in the form of marks or grades given by the institution of study.
Though all the documents — Transcript, Degree, Diploma, Certificate, and Mark Sheet — are proofs of completing an education qualification, a Transcript is different than a Diploma or a Degree.
Diploma / Degree / Certificate: The final certificate you receive upon completing your educational qualification is called a Degree or a Diploma or a Certificate depending upon the nature of programme pursued.
Transcript of Records (ToR): The mark sheet which covers all the academic records of a student is called a Transcript or ToR. It implies to a sheet that contains the list of all the courses/subjects studied, grades received against each column, the awards and achievements of the student and also the degrees granted to the student for the entire academic programme. There is no limit on the information that could be provided in a transcript.
A transcript must cover a complete list or table of yearly modules/subjects and practical work that we have studied and conducted throughout the study period. It consists of our marks or grades or in some cases the subject-wise credit value is mentioned in it, considering the grading system followed by an institution.