dear friends,
could anyone clarify about the rounding off aspect that whether it is mandatory to do the same or it is an option.............
reply asap
regards,
nitin
nitin suvarna (C.A FINAL) (828 Points)
26 May 2012dear friends,
could anyone clarify about the rounding off aspect that whether it is mandatory to do the same or it is an option.............
reply asap
regards,
nitin
P VEDAVALLI
(MANAGER )
(34 Points)
Replied 27 May 2012
As per Point No. 6.14 of Guidence Note Issued by ICAI in Revished Schedule VI.
" It is not compulsory to apply rounding off and a company can continue to disclose full figures."
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