Rounding Off Figures inFinancial Statements of Companies

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1 Points Posted on 18 October 2022

Do we have to prepare 2 sets of financial statements for the purpose of rounding off? Because for UDIN purpose and ITR, needs absolute values.
 

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On 18 October 2022 at 11:24 Report
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This discussion addresses the necessity of preparing two sets of financial statements when rounding off figures. It clarifies that separate statements are required because certain purposes, like UDIN and ITR filings, necessitate absolute, unrounded values. An attached news item confirms this requirement.

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Yes, you have to, unfortunately.

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On 18 October 2022 at 17:11
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Registered independent director Past Ch
8229 Points Posted on 26 October 2022

See attached news item.

 

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On 26 October 2022 at 15:10

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