Question 1 When comparing the debtors ledger with the trade receivables account in the general ledger, the following errors were identified: 1. A credit sale to a customer, A Bradley was incorrectly accounted for in the business books. The sale was for R25 000 and A Bradley was offered a 15% trade discount for his bulk purchase. The sale was recorded as follows in the general ledger: DR Trade receivables (A) R25 000 CR Sales income (P/L) R25 000 The transaction was also incorrect in the debtors ledger. 2. A credit sale of R3 000 to debtor B. Barry was incorrectly recorded in B. Barries account in the debtors ledger. 3. The balance of C. Smiths account in the debtors ledger was overstated by R1 600. The balance was correctly reflected in the trade receivables account in the general ledger. You are required to: For points 1 3 above briefly indicate where and how the error would be corrected by the business during the debtors reconciliation process. If no correction is required, state no correction" Question 2 Briefly explain why a business would maintain a separate debtors ledger. (2 marks) Question 3 Briefly explain the process required for a business to complete a debtors reconciliation (3 marks)