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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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