Unit 5; Simulation 1 - Branson & Co; payment details?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I've reached task 7 of the simulation and the stage where I need to know what the £750 payment represents.

Can anyone provide me with this information?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Unit 5; Simulation 1 - Branson & Co; payment details?


    As the payee is not known to me as a supplier or employee of Branson & Company, it is likely that it is a personal payment by one of the partners, if it is then it is drawings.
    I should ask the accountant if she knows about the payment, then the partners may need to eb asked to establish the correct way of posting.

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