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Task 1: Accounting concept (20 marks) Accounting is an important science that is applied in our daily life. Answer the following: a. Define the meaning

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Task 1: Accounting concept (20 marks) Accounting is an important science that is applied in our daily life. Answer the following: a. Define the meaning of accounting in general ( 5 marks) b. Specify the main importance of accounting to the end users. (6 marks) c. List 3 types of accounting. Briefly explain each type ( 9 marks) Task 2: General Journal (55 marks) Khadeeja started "The New Fashion Shop" on December 1, 2022. During the month, the following financial transactions occurred: AMO_TEM_035_04 Principle of accounting (BUSS-B 1004) - Spring - 23 - CW1 (Assignment) - All - QP Task 3: Cash and Accrual basis accounting (20 marks) Khadeeja wants to compare between using cash basis and accrual basis for her business. Using the above information of Khadeeja business, prepare 2 tables of the end-of-month report to account for the incomes and expenses of "The New Fashion Shop" in cash basis and accrual basis. Explain which method is better

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