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meaning of made good

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › meaning of made good

  • This topic has 2 replies, 2 voices, and was last updated 12 years ago by wajiman.
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  • March 24, 2013 at 6:25 pm #120526
    wajiman
    Participant
    • Topics: 6
    • Replies: 46
    • ☆☆

    well its a bit n00bish question, what is the meaning of made good??

    eg of a statement:
    “employee is taxed on the cost to the employer of providing the benefit, less any amount made good”

    March 25, 2013 at 4:26 pm #120577
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Hi wajiman the English language can use words in some very strange ways indeed!!!

    In this sense “made good” by the employee means paid back by the employee, reimbursing the employer for some or all of their costs and therefore is an allowable deduction. I don’t remember using that expression within the OT Course Notes but my apologies if I did as I try to use simple basic terms where possible. Hope this helps

    March 25, 2013 at 8:14 pm #120592
    wajiman
    Participant
    • Topics: 6
    • Replies: 46
    • ☆☆

    thanks a ton sir

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