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Goodwill T a/c has b/f as credit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Goodwill T a/c has b/f as credit

  • This topic has 2 replies, 3 voices, and was last updated 7 years ago by P2-D2.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • September 3, 2017 at 1:33 pm #405157
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    Hi,

    In the March / June 2016 Weston Revision lecture why is the balance b/f in the goodwill T account a credit?

    Many thanks,

    September 3, 2017 at 1:49 pm #405161
    trendline
    Member
    • Topics: 22
    • Replies: 15
    • ☆

    It’s called “spot the deliberate mistake”
    Quite crafty of Chris I thought, but made sure we were all paying attention 😉

    September 4, 2017 at 5:20 pm #405437
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7149
    • ☆☆☆☆☆

    @trendline said:
    It’s called “spot the deliberate mistake”
    Quite crafty of Chris I thought, but made sure we were all paying attention 😉

    I couldn’t have answered it better! The pressure of working under the spotlights was too much and was the cause of the mistake………..

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