Knowledge Check 01

Which of the following statements is true?

multiple choice

    The trial balance is completed to ensure that debits and credits are equal in the General Ledger.
    The trial balance is completed after the balance sheet.
    The trial balance calculates net income for the period.
    The trial balance is a financial statement distributed to owners and investors.
The correct statement is:

The trial balance is completed to ensure that debits and credits are equal in the General Ledger.

The trial balance is an internal accounting tool used to ensure that the sum of all debit balances in the General Ledger is equal to the sum of all credit balances. This is an important step in the accounting process as it helps to identify any errors or discrepancies in the ledger before the financial statements are prepared.
explain what ROI is
ROI stands for Return on Investment. It is common used as a metric in finance industry to measure the amount of return of an investment relative to the total investment you have placed. Typically ROI is expressed as percentage and calculated by dividing the net gain of investment by its cost and multiplied by 100. 

ROI = (Net Gain / Cost of Investment) * 100

However, it is important to remember that when evaluating a business or investment performance, you should also consider other factors such as risk into account.
Thank you, that is correct.
You're welcome. Anything else I can help you with?