Rounding off problem.

[Geoffrey]

David Brown wrote:
> On Mon, Mar 24, 2008 at 11:02:44PM +0530, Abhinav wrote:
> 
>> Our accountant now wants us to round off figures. Basically if, the 
>> value entered is 20,000.33, he wants us to round this off to 20,000.00 
>> and if the value entered is 20,000.73 he wants us to round this off to 
>> 20,001.00. We need to do this on each entry in the journal - not just 
>> for the totals.
> 
> How does $20,000.50 round?  Common answers are 20,000.00 or 20,001.50.  The
> later seems more convential but does introduce a slight bias.

I would expect neither.  I would expect that if rounded, it should round 
to 20,001.00.

Your first suggestion would be rounding down.  I've never seen anything 
like your second suggestion, unless it's a typo and meant, 20,001.00.

-- 
Until later, Geoffrey

Those who would give up essential Liberty, to purchase a little
temporary Safety, deserve neither Liberty nor Safety.
  - Benjamin Franklin