1. You are required to create a business trading. a. The business activities and form of business can be choose by the student > Business activities:(Eg: pasty shop, car services shop, laundry shop, dental clinic, printing shop, etc.....) > Form of business: (Trading or partnership ONLY) 2. You are required to submit a report that at should contains the following information; a. Explain the background of the organization Organisation details, Owner's capital, location, type of business, business activity, b. Explain the characteristics of the chosen business Liability, No. of owner, books and accounts keeping, profit sharing, C. Classification of possible business items: > Assets, Liabilities, Drawing, Capital, Revenues, and expenses d.Explain on the correct recording process for the business. > Focus on accounting cycle, how the business should record its business transactions Identify and explain -5 advantages and disadvantages of accounting recording process. Repart format