on 1 january 2022, zarina decided to register super clean dobi, a laundry shop in her hometown, senawang, negeri sembilan. to start her business she contributed rm300,000 as start up capital. the next day, she opened a business account at a local bank so that she could keep records of the business operations and personal transactions separately. super clean dobi wished to operate indefinitely and to be able to extend the business in the future. the services are recorded at the time when the services are made, and the expenses are recorded when they are incurred. the business closes its accounts on 31 december every year.

a) state the type of business organization described in the above scenario.

b) Identify TWO characteristic of the business organization mentioned above.

c) list any TWO accounting concepts applied by the above organization.