Roundoff a/c

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does firm prepare a roundoff account to roundoff paise receive or paid ??
Replies (2)

Yes you can make such account if rounding off transaction in voluminous nature

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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