in Q2. Assume that your friend is proposed to commence Merchandise Automobile Business at Ibri Province in the Governorate Al Dhahirah. He seeks your advice about operation, financing and accounting of the business. He intends to acquire automobiles on a shipping term of Free on Board (FOB) shipping point and desires to sell on FOB destination basis. You are required to assist him- a) To identify different activities which are expected to be performed merchandise business of automobile. (3 Marks, Word limit: 75) b) To understand how FOB shipping point credit term is different from FOB destination. (3 Marks, Word limit: 75) c) To record the transaction in the Journal of your friend in Automobile business. (4 Marks, Word limit: 150)