$1\mathrm{.}1$: Explain the importance of capturing and storing business transactions in an Accounting Information System $($AIS$),$ using XYZ Retail Corporation as an example. $(10)$

$1\mathrm{.}2$: Describe the life cycle of a sales transaction in an AIS and explain how rejected quotes can provide valuable business insights. $(10)$

$1\mathrm{.}3$: Compare the financial impact of purchasing inventory on credit versus purchasing machinery via a long$-$term loan, and explain how an AIS processes these transactions. $(10)$

$1\mathrm{.}4$: Discuss the role of transaction documentation in an AIS, providing examples of source documents used for sales and purchase transactions. $(10)$