This is really a basic math question but I thought Excel was the Math Wizard
(more so than me) and could help, but this has opened up a bit of can of
worms in our office and would like some other input.
If we had a net loss the previous month of $-31,000 and this month we show a
net gain of $51,000.. what is the difference and is it a gain or loss? I say
that you take the negative $31000 and add it to the $51000 by that very
simple formula in Excel and you end up with a net gain between the 2 months
of $20,000... however, the others in my office are saying that you really end
up with $82,000... which means that you would have to take that negative
-31000 and subtract the 51000 in excel.. and then it's a negative (loss) of
the $82000... that doesn't seem right when you did end up this month with a
gain..
thanks for the help..