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Creating a Financial Report in Excel MCQs

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1. Which Excel feature is most commonly used to summarize financial data for reporting?




2. To show monthly revenue trends in a financial report, which Excel tool is best?




3. Which function is best suited to calculate the average monthly expense in a financial report?




4. To highlight negative cash flow in red automatically, which Excel feature should be used?




5. If you want to calculate the future value of an investment for a financial report, which function should you use?




6. Which Excel feature allows you to restrict input in financial data entry (e.g., only numbers allowed)?




7. To prepare a financial report with different budget scenarios, which Excel tool is most appropriate?




8. When preparing a balance sheet in Excel, which formatting option ensures clarity between sections like Assets, Liabilities, and Equity?




9. Which chart type is most suitable for showing the breakdown of expenses in a financial report?




10. To protect a finalized financial report from unwanted changes, which Excel feature should be used?




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