Spreadsheet Functions and Balances

The video tutorial explains how to use a spreadsheet to reconcile balances for the first semester. It demonstrates using the IF function to analyze positive and negative balances and guides viewers through inserting and customizing a graph in Excel. The tutorial also covers adjusting graph elements and ensuring the graph updates automatically with changes in the data.

What does the spreadsheet represent?

• Annual reconciliation

• First semester reconciliation

• Monthly reconciliation

• Quarterly reconciliation

What types of balances are mentioned in the spreadsheet?

• Only negative balances

• Both positive and negative balances

• Neither positive nor negative balances

• Only positive balances

Which function is used to analyze if the balance is less than zero?

• SUM

• COUNT

• AVERAGE

• IF

What should be done if the balance is not less than zero in the IF function?

• Repeat the balance

• Set the value to zero

• Highlight the cell

• Leave the cell empty

Which keyboard shortcut is used to insert a chart?

• Alt + T

• Ctrl + F1

• Alt + F1

• Ctrl + T

What happens to the chart when the values in the table are changed?

• The chart is deleted

• The chart needs to be manually updated

• The chart updates automatically

• The chart remains the same