Appendix 1: Rounding Rules

How and when to round always is a source of confusion. This Appendix provides you with some rules for rounding your answers. We start with some general guidelines that apply globally throughout the entire textbook, then comment at the rules that apply to some specific sections of text.

Global Rounding Rules

  1. All interim solutions never get rounded unless there is a logical reason or business process forcing it to be rounded.
  2. When writing nonterminating decimals in this textbook, up to six decimals are written. The horizontal line format is used
    for repeating decimals. If the number is not a final solution, then it is assumed that all decimals or as many as possible aren being carried forward.
  3. All final numbers are rounded to four decimals in decimal format and two decimals in percent format unless instructions indicate otherwise.
  4. Final solutions are rounded according to common business practices, practical limitations, or specific instructions.
  5. Zeroes not required at the end of decimals are generally not written unless required to meet a rounding standard or to visually line up a sequence of numbers.

Topic Specific Rounding Rules

Some specific topics have their own rounding standards. Until you learn about these topics, it does not make any sense to put those standards here. However, the standards are introduced with the relevant topic. They are also summarized into Appendix C: Rounding Rules.


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NSCC Math For Bookkeeping Copyright © 2021 by JEAN-PAUL OLIVIER and NSCC is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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