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The default currency type I've seen used for accounting is a decimal with 4 digits trailing the decimal. I forget the leading digits, but it is something like 1
by Declanomous 10y ago
The default currency type I've seen used for accounting is a decimal with 4 digits trailing the decimal. I forget the leading digits, but it is something like 14.
Basically I think the idea with 4 digits after the decimal is that the smallest denomination you can have is 1 penny, and that allows you to calculate percentages of pennies accurately to a hundredth of a percentage point.