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Cash rounding is a process used in calculation when money in the low denomination is involved in a transaction. Sometimes, transactions become impractical when the denomination is very low. This could be either due to the unavailability of the coins to transact the exact amount. In such cases, every business firm depends on cash rounding. […]
Cash Rounding happens when the base unit of an account is smaller than the most reduced denomination category of the currency. The payable sum for money exchange is adjusted to the closest various cash units accessible, through exchanges paid in different ways (eg: cheques, credit cards) are not adjusted. In any business, cash rounding is […]
