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In account how we decide that we have to write amount in desimal or not??

Rakesh Shah

CA Final

★ 5K+

06-Nov-21 18:09

409

Answers (3)

In accounts decimals are normally rounded.. But if huge amount is given in the qn Say 1 crore, 3crore etc And we got say 1.2456 crore Then it is not normally rounded.

Christeena Ambel

CA Inter

★ 5K+

06-Nov-21 21:55

Christeena Ambel

In accounts decimals are normally rounded.. But if huge amount is given in the qn Say 1 crore, 3crore etc And we got say 1.2456 crore Then it is not normally rounded.

Then we can rounded small amount in exam?

Thread Starter

Rakesh Shah

CA Final

★ 5K+

06-Nov-21 22:09

Thread Starter

Rakesh Shah

Then we can rounded small amount in exam?

Yes. Provide a note that you have rounded the figure And in exam, if you have any doubt on something, write the assumption that you have taken and mark it in a column

Christeena Ambel

CA Inter

★ 5K+

06-Nov-21 22:36

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