ere are 13 general accounting questions: 1. What are the basic principles of accounting? 2. What is the difference between cash basis and accrual basis accounting? 3. What is the purpose of the balance sheet and how is it prepared? 4. How does the income statement differ from the balance sheet? 5. What is the significance of the statement of cash flows and what information does it provide? 6. What is depreciation and how is it calculated? 7. What are the different types of expenses that can be classified in accounting? 8. What is the difference between gross profit and net profit? 9. How does inventory affect the financial statements and how is it valued? 10. What is the concept of double-entry accounting and how does it work? 11. What are the main components of the general ledger and how is it used in accounting? 12. What is the purpose of financial ratios and how are they calculated? 13. How does accounting contribute to financial decision-making within a business?