From: Peter Saxton 
Newsgroups: uk.business.accountancy uk.finance
Subject: Re: Tax year balls-up
Date: Sun, 16 Apr 2006 12:07:27 +0100

On Sun, 16 Apr 2006 09:38:36 +0100, "Tim"  wrote:

>"Simon" wrote
>> So if a computer transaction amounts to less than 1p ...
>
>How can it do that?
>Surely either there's a transaction for 0p or one for 1p ...
>
You can program computers to any number of decimal places.

For example you could have interest accumulated on a daily basis and
it's only once every year that the account is credited or dabited on a
statement.

-- 
Peter Saxton from London
peter@petersaxton.co.uk