Sai Hertz And Control Systems wrote:
> Dear Jan Wieck ,
>
>>>
>>> Yes I agree with you Jan , most of the time we round the amount and
>>> this is done by truncating greater than 3 decimal digits and
>>> rounding the 3 digit to 2 in other words :
>>> select trunc(1000.236897,3);
>>> then
>>> selecr round(1000.236,2);
>>> This takes care of the rounding factor in money as per Indian
>>> standards ok, how will you verify it simple just use log and you will
>>> get the correct output.
>>
>>
>> People are often under the impression that effective APR's and all
>> that stuff fall into the same category as your bank or credit card
>> account balance. But that is not true.
>
> What are you suggesting thattruncing and rounding is not good in
> financial terms
If that is what Indian accounting rules require, that is what you do.
Jan
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