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TonyTax
TonyTax, Tax Consultant
Category: Tax
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Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Is it ok to use rounded figures on P&L and Balance sheet, as

Resolved Question:

Is it ok to use rounded figures on P&L and Balance sheet, as HMRC do this on their forms?
Submitted: 3 years ago.
Category: Tax
Expert:  TonyTax replied 3 years ago.
Hi.

You don't need to include pennies on your P & L account or on your balance sheet.
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