Rounded

If the bank balance at the end of the financial year 2021-22 is rounded off to the nearest rupee, then you would need to make an adjusting entry in your books of accounts to account for the rounding off difference.

Assuming that the actual bank balance is Rs. 0.50 or more, the rounding off difference of Rs. 1 can be treated as a nominal amount and adjusted as an expense or income depending on the nature of the rounding off.