Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am currently completing a master budget for uni, my question is do i round up/down. for eg. Total fixed expenses-$9,049.52 =$9,050 also if this

I am currently completing a master budget for uni, my question is do i round up/down. for eg.

Total fixed expenses-$9,049.52 =$9,050

also if this is the case do i always round up and never down or do i round to the nearest decimal points whether its up or down for example $69.211= $69.21 is rounding down

im not sure what the rules are with a master budget with rounding of numbers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Control Procedure For Statutory Financial Audit An Empirical Study

Authors: Siddhartha Sankar Saha, Mitrendu Narayan Roy

1st Edition

1787142272, 9781787142275

More Books

Students also viewed these Accounting questions