0 general accounting questions for you: 1. What is the purpose of a balance sheet in accounting? 2. What is the difference between cash accounting and accrual accounting? 3. How do you calculate the gross profit margin? 4. What is the purpose of depreciation in accounting? 5. What is the difference between a liability and an expense? 6. How do you calculate the return on investment (ROI)? 7. What is the double-entry accounting system? 8. How do you calculate the net present value (NPV)? 9. What is the difference between a journal entry and a ledger entry? 10. How do you calculate the current ratio?