Elaborate and discuss the following quetions

$1.$ While you are working as a bookkeeper in retail company, Sage $50$ is giving you a warning message that the customer has exceeded his credit limit$.$ What would you do$?$ How would you advice your manager as a professional?

$2.$ What is overdraft and how does it happen?

$3.$ What is a Cash Flow Report? What does it help us$?$

$4.$ Explain the concept of aging in customer accounts?

$5.$ How do you record a Senior$$s Discount?