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Learn Practical Use of MAX Function and MIN Function in Excel Worksheets

What is MAX Function? Learn Practical Use of MAX Function and MIN Function in Excel Worksheets The MAX function is used to get the maximum number from different given numbers in Excel Worksheet. Syntax of MAX Function in Excel MAX(number1,number2,number3,...numberN) For example the function MAX(5,100,35) will return 100, since 100 is largest number of all 5, 100 and 35. Syntax of MAX Function using Cell References MAX(CellRef1:CellRef2) Where CellRef1 is the cell reference of the first cell and CellRef2 is the cell reference of the last cell in the given cell range in Excel Worksheet. What is MIN Function? The MIN function is used to get the minimum number from different given numbers in Excel Worksheet. Syntax of MIN Function in Excel MIN(number1,number2,number3,...numberN) For example the function MIN(5,100,35) will return 5, since 5 is the smallest number of all 5, 100 and 35. Syntax of MIN Function using Cell References MIN(CellRef1:CellRef2) Where Cel

Use of Average Function in Excel Worksheet With Examples

What is the Use of Average Function in Excel?  The Average Function of Excel is used to get the average of the numbers in Excel Worksheet. Syntax of Average Function in Excel    Average(number1, number2, number3, ... number N)   For Example Average(10,15,20) will return 15. Because, Average is calculated by adding all the numbers and then dividing the total by count of the numbers. In above example: Average = (10+15+20) / 3 Which evaluates to 45 / 3 that is 15. Syntax of Average Function in Excel Using Cell references  Average(cellRef1:CellRef2)  where cellRef1 is the cell reference of the first cell and cellRef2 is the cell reference of the last cell in Average function to calculate the required average, in Excel worksheet. Consider the above figure for example: the cells A2, B2, C2, D2 and E2 contains the numbers 5, 15, 30, 40, 50 respectively. How To Implement Average Function in Excel  First of all place the cursor in an empty cell to enter the function. T

Explain Different Uses of Excel in Business and Commerce

Microsoft Excel is very useful in Business and Commerce. Following is a list of the uses of Microsoft Excel in Business and Commerce: 1. Creating Computerized Worksheets Microsoft Excel is a computer software with electronic worksheets. You can easily input, edit, format your business data in computerized worksheets provided by MS Excel. You can manipulate business data easily and efficiently. 2. Recording Business Data Microsoft Excel can be used in business and commerce for recording the daily transaction records of your business. It provides the facility to store and maintain large amounts of records easily and quickly. 3. Use of Excel in Accounts Department a) Accounting System Microsoft Excel can be used to manage the accounting system of your business organization.It records daily transactions of the organization. b) Prepare Accounting Documents Microsoft Excel can be used to prepare balance sheet, trial balance, ledger and other accounting sheets. 4. Maintai