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In bpp study text tests there is one question
39 Goodwill should never be shown on the statement of financial position of a partnership.
Is this statement true or false?
A True
B False
the answer is 39 A Goodwill is usually brought in under the old PSR and written off in the new PSR. so it says that it’s true
but in bpp revision kit in mock exam 3 the same question has answer that it’s false.
which is correct ?but it is said in exam focus point that Goodwill should not be left in the statement of financial position.
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