Fixed-Point Number

Fixed-Point Number
A fixed-point number in which the decimal point is set at a fixed location, commonly used for representing numbers with a predetermined scale.
Floating-Point Number
A floating-point number is a number in which the decimal point is allowed to float, represented by a base and an exponent. It allows for the efficient and accurate representation of a wide range of values, mimicking scientific notation.

Accounting Terms Lexicon

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