Part : Accounting and Business (15 Marks) Ahmed started a business, Sunshine Computer Sales and Services which deals with computer hardware, software accessories and services on 1 January 2020. The shop was operating smoothly. There were a lot of customers visiting and buying from Sunshine. His shop is never runs out of stock because he ensures that the inventory is always full of new and quality stocks. Ahmed makes monthly purchase from suppliers to ensure stock availability. Although Ahmed has good trading, sales and marketing skills, but he has no knowledge in accounting and bookkeeping. However, Ahmed has kept all the documents (such as official receipts, sales invoice, bank statements, etc.) since he opened the business. He wants to learn the basics of accounting and bookkeeping and asked for your help Required: () Explain to Ahmed about the accounting concepts and assumptions underlying the preparation of financial statement. (I) Explain the qualitative characteristics of accounting information