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From: Jan Wieck <JanWieck(at)Yahoo(dot)com>
To: aspire420(at)hotpop(dot)com
Cc: Michael Glaesemann <grzm(at)myrealbox(dot)com>,Bruce Momjian <pgman(at)candle(dot)pha(dot)pa(dot)us>, pgsql-admin(at)postgresql(dot)org,pgsql-hackers(at)postgresql(dot)org
Subject: Re: [HACKERS] IEEE 754
Date: 2004-01-12 17:12:40
Message-ID: (view raw, whole thread or download thread mbox)
Lists: pgsql-adminpgsql-hackers
Sai Hertz And Control Systems wrote:

> Dear Jan Wieck  ,
>>> Yes I agree with you Jan , most of the time we round the amount  and 
>>> this is done by  truncating greater than 3 decimal digits and 
>>> rounding the 3 digit to 2  in other words :
>>> select trunc(1000.236897,3);
>>> then
>>> selecr round(1000.236,2);
>>> This takes care of the rounding factor in money as per Indian 
>>> standards ok, how will you verify it simple just use log and you will 
>>> get the correct output.
>> People are often under the impression that effective APR's and all 
>> that stuff fall into the same category as your bank or credit card 
>> account balance. But that is not true.
> What are you suggesting thattruncing and  rounding is not good  in 
> financial terms

If that is what Indian accounting rules require, that is what you do.


# It's easier to get forgiveness for being wrong than for being right. #
# Let's break this rule - forgive me.                                  #
#================================================== JanWieck(at)Yahoo(dot)com #

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