Bank Balance Round Off
Abhishek Kumar Gupta (Article) (146 Points)
17 October 2019Abhishek Kumar Gupta (Article) (146 Points)
17 October 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14163 Points)
Replied 17 October 2019
4. New norms of rounding off : New norms of rounding off have been introduced depending upon the turnover of the company. The figures appearing in the Financial Statements may be rounded off as below : Turnover Rounding off (i) less than one hundred crores rupees To the nearest hundreds, thousands, lakhs or millions, or decimals thereof. (ii) one hundred crore rupees or more To the nearest lakhs, millions or crores, or decimals thereof. However, it is not compulsory to round off the figures.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"