Roundoff a/c
Atharv Sankliya (1356 Points)
10 October 2022
does firm prepare a roundoff account to roundoff paise receive or paid ??
2 Replies
CA Rakesh Ishi
(Working at Private Company)
(8532 Points)
Replied 11 October 2022
Yes you can make such account if rounding off transaction in voluminous nature
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 11 October 2022
It's also like treshold pricing. But the computer does all calculations. Governments in foreign have rules that the firm doesn't have to repay 1 paise. I'm not sure about India cause it's never published and they'll loot us.
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