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Workings to the nearest thousand

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Workings to the nearest thousand

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • March 2, 2016 at 9:38 pm #303121
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 155
    • ☆☆☆

    I saw some questions where the answers and the workings should be to the nearest thousand. I just need to that what amounts can this rule be applied. For eg. Xtol (06/2014) has many figures given in question itself. Like there is a total given for interest and dividends paid, an increase in deffered tax provision. So do we need to round all of this to nearest $1000. Just asking coz the answer doesn’t seem apply the rule there

    March 3, 2016 at 9:41 am #303208
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    If the examiner states in the question (typically in the question requirement) “answer to the nearest thousand” then answer to the nearest thousand

    Otherwise, don’t

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