Excel 2007 - formula
My OS is win 7 prof 64 bit and I use Excel 2007.
I have not used Excel for a long time.
I am trying to write a formula. The values will be currency format.
Say, in cols B2 is "Credit", B2 is "Debit" and C2 is the "balance."
If C3 = 100
and B4 = 90
Then the formula for C4 is required.
(Note in a row entry, there will only be a Credit or Debit entry recorded, not both, and it will never be zero or null. )
It will be like, The (balance + Credit) - Debit
I think it should be an IIF command, but I am not sure, i.e.
if the Debit is 0.0, the balance = balance + Credit
if the Debit is 5.00, and the credit is 0.00, then the balance = balance - Debit
I hope my hypothesis makes sense. Grateful for your suggested formula for the balance please.
Thank u
I have not used Excel for a long time.
I am trying to write a formula. The values will be currency format.
Say, in cols B2 is "Credit", B2 is "Debit" and C2 is the "balance."
If C3 = 100
and B4 = 90
Then the formula for C4 is required.
(Note in a row entry, there will only be a Credit or Debit entry recorded, not both, and it will never be zero or null. )
It will be like, The (balance + Credit) - Debit
I think it should be an IIF command, but I am not sure, i.e.
if the Debit is 0.0, the balance = balance + Credit
if the Debit is 5.00, and the credit is 0.00, then the balance = balance - Debit
I hope my hypothesis makes sense. Grateful for your suggested formula for the balance please.
Thank u
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Thank u everyone for your suggestions.
ASKER
Attached is the sample file, I am sure u can spot the error in the formula. Please let me know here or on the file where the error is. Thank u.
formula.xlsx