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Create a credit (negative) column in Excel?
I need to convert my spreadsheet credit column. The numbers now show as red and I need them to show as a negative number instead.
On Thursday, July 05, 2007 4:42 PM AvonSu wrote:
I am creating a spreadsheet with debit and credit columns. How do I format
the Credit column so all entries automatically post as a credit?
On Thursday, July 05, 2007 5:17 PM Gord Dibben wrote:
Credits are generally positive values.
Don't enter numbers with a negative value in the credit column.
Enter those in your debit column.
Or am I missing some detail?
If you wanted negative values to show as positive, in a helper column enter
=ABS(cellref)
Gord Dibben MS Excel MVP
On Thu, 5 Jul 2007 13:42:03 -0700, AvonSue
wrote:
On Thursday, July 05, 2007 6:58 PM AvonSu wrote:
Hi Gordon,
Thanks for your speedy response! You have answered my question.
FYI - in accounting, Assets and Expenses are Debit Accounts and Liabilities
and Equity are Credit Accounts. This is necessary in order for your Trial
Balance to zero-out so you can do financial statements and income statements.
"Gord Dibben" wrote:
On Thursday, July 05, 2007 7:23 PM Stan Brown wrote:
Thu, 05 Jul 2007 14:17:39 -0700 from <Gord Dibben
<gorddibbATshawDOTca:
Credits *and* debits are generally positive. In proper accounting
books (using the double-entry method, which it sounds like the OP
does), total credits must equal total debits.
The OP should have positive credits and positive debits, and strike a
balance by sum(debits) - sum(credits) for an asset or expense
account, sum(credits) - sum(debits) for a liability or equity or
revenue account.
--
Stan Brown, Oak Road Systems, Tompkins County, New York, USA
http://OakRoadSystems.com/
On Thursday, July 05, 2007 8:24 PM Gord Dibben wrote:
Shows how little I know about bookkeeping<g
My rudimentary style is a column of "ins" and a column of "outs" with the
difference being what I still have in my pocket or owe to my creditors.
Gord
On Thu, 5 Jul 2007 19:23:12 -0400, Stan Brown
wrote:
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