1. What is the difference between cash basis and accrual basis accounting?
- Cash basis accounting records transactions when cash is received or paid, while accrual basis accounting records transactions when they occur, regardless of when cash is exchanged.

2. Explain the concept of double-entry accounting.
- Double-entry accounting is a system where every transaction is recorded in at least two accounts, with one account debited and another account credited. This ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced.

3. What is the purpose of a trial balance?
- A trial balance is prepared to ensure that the total debits equal the total credits in the general ledger. It helps in identifying any errors or discrepancies in the accounting records.

4. How is depreciation calculated?
- Depreciation is calculated by dividing the cost of an asset by its useful life. There are various methods of calculating depreciation, such as straight-line, reducing balance, and sum-of-years-digits.

5. Define bad debts and explain how they are accounted for.
- Bad debts are amounts owed to a business that are considered uncollectible. They arise when a customer is unable or unwilling to pay. Bad debts are accounted for by creating a provision for doubtful debts and writing off the specific amount when it becomes certain that it will not be recovered.

6. What are the different types of financial statements?
- The different types of financial statements are the income statement, balance sheet, cash flow statement, and statement of changes in equity. These statements provide information about a company's financial performance and position.

7. How is the net profit calculated?
- Net profit is calculated by subtracting all expenses, including cost of goods sold, operating expenses, and taxes, from the total revenue generated by a business.

8. What is the purpose of a bank reconciliation statement?
- A bank reconciliation statement is prepared to compare the balance shown in the company's bank statement with the balance shown in the company's cash book. It helps in identifying any differences or discrepancies between the two and ensures the accuracy of the financial records.

9. Explain the concept of goodwill.
- Goodwill represents the intangible value of a business that arises from factors such as reputation, customer loyalty, and brand recognition. It is usually recorded when a business is acquired and is calculated as the excess of the purchase price over the fair value of the net assets acquired.

10. How is the return on investment (ROI) calculated?
- ROI is calculated by dividing the net profit of an investment by the initial cost of the investment, and then multiplying by 100 to express it as a percentage. It is a measure of the profitability of an investment.

U got by download a app if u want I give suggestion