In CBSE board examination in accountancy can we write rounded off amount or we have to write it to two digit after point.
For example :- there is a general reserve amounted Rs. 5000 which is to be distributed between 3 equal partners.
Can we right 1667 to two partners and
1666 to one partner
Or we have right 1666.66 to each partner
Dear student,
You can definitely write the rounded off amounts but you must check the total of rounded figures after distributing, It should not be more or less than the total amount.
e.g. if there are three equal partners and 5000 in respect to general reserve is to be distributed amongst them you can simply give rupees 1667 to partners and 1666 to one partner.
regards.
You can definitely write the rounded off amounts but you must check the total of rounded figures after distributing, It should not be more or less than the total amount.
e.g. if there are three equal partners and 5000 in respect to general reserve is to be distributed amongst them you can simply give rupees 1667 to partners and 1666 to one partner.
regards.