a) You want to know how promptly customers are paying their bills. This information can help you decide whether to extend credit and to plan your cash payments. Where do you find this information? Explain the details. b) Rectify the following errors: Credit purchases from Rahim RO 20000: i. Were posted to Rashid s account. ii. Were posted to debit of Rahim account. iii. A purchase of goods for RO 2000 has been wrongly debited to Furniture A/c. iv. A repair to Plant amounting to R01000 has been changed to Plant and Machine A/C. v. A credit purchase of RO 560 from Faizal is recorded RO 650. (100-150 words)