Question 1 (11 marks) Great Meal is a company that provides lunch packs to corporate customers. Customers have to place orders at least one week in advance and Great Meal collects cash up front from customers. In addition to decisions regarding operations, Great Meal must also make some accounting decisions. For example, whether the company should use cash basis or accrual basis? How will revenues of the business be accounted? How will expenses of the business be accounted: Required: Write a short essay to address the following considerations: (a) Will the business use the cash basis or the accrual basis of accounting? (b) What kind of revenue will the business earn? When will the business record it as revenue? (c) What kind of expenses will the business incur? When will expenses be recorded