QUESTION 4:Conceptual Framework & Communication Skills

Dr. Phil McCavity is confused about one of the transactions that was recorded for July 2020 (refer to Question 2), and has written to the Managing Partner of the accounting firm that you work for seeking clarification.

1. On the following page,write letter to the Managing Partner of your firm (not the client).
2. In this letter, must explain (with reference to the appropriate accounting definition) which accounting element* was debited on 5 July 2020 and explain how this definition was applied when recording the transaction.

*(Element = Asset, Liability, Equity Income or expense)

3.If the Managing Partner is satisfied with your explanation, they will use it as the basis of a response to the client.

Date your letter 30 September 2020

Address your letter to: Janelle Ledger (Managing Partner), JLL Accounting Pty Ltd, 44 The Parade, Norwood, SA, 5067

Any formal business letter format