Weston Q1 Revision Lecture March/June 2016

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June 27, 2017 at 11:56 am #394190
Carl
Participant
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On the T account for Goodwill, the b/f balance was shown on the credit side. As goodwill is an asset, should the b/f figure be on the debit side? Can you advise/explain the reason for this?

Thanks

Carl
June 27, 2017 at 8:58 pm #394223
P2-D2
Keymaster
- Topics: 4
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Hi,

It must be a typo as the brought forward should be on the debit side.

Thanks
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