Book rounding difference

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Small rounding differences may arise, especially at year-end, because banks, financial institutions, and Banana Investment Accounting may apply different rounding methods to investment prices and values.

When a rounding difference affects the Book Value of an investment, it can be corrected by entering a manual adjustment transaction.

Record the adjustment between the Investment Balance Sheet Account assigned to the Item and the appropriate Rounding Differences account.

The adjustment changes the Book Value of the investment without changing the Quantity held.

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