Here, FALSE is the logical_test argument because of which the IF function returns the value of G5-E6+F6 which is the value_if_false argument. =IF(FALSE,””,G5-E6+F6) → the IF functionchecks whether a condition is met and returns one value if TRUE and another value if FALSE.Here, TRUE is the logical1 argument and FALSE is the logical2 argument since one argument is FALSE so the AND function returns the output FALSE. AND(TRUE,FALSE) → the AND function checks whether all the arguments are TRUE, and returns TRUE if all the arguments are TRUE.It returns TRUE if blank and FALSE if not blank. Now, the ISBLANK function checks whether the Debit and Credit cells are blank. Next, the F6 is the value argument that represents the Credit value for Salary. Here, E6 is the value argument that refers to the Debit value for Salary. ISBLANK(E6),ISBLANK(F6) → the ISBLANK function checks whether a reference is to an empty cell, and returns TRUE or FALSE.Hence, we insert the expression below in the G6 cell. Firstly, our Starting Balance for July was $500 and we want a running total to appear in the Balance column.Microsoft Excel makes it very easy to make a simple checkbook ledger. Here, we have used Microsoft Excel 365 version, you may use any other version according to your convenience.Įxample-1: Create a Simple Checkbook Ledger in Excel Then, the last two columns show the types of transaction Debit, and Credit respectively. Here, the dataset shows the transaction Date, Number, and Description. Therefore, without further delay, let’s see the examples one by one.Ĭonsidering the dataset shown in the B4:D13 cells. Now, in our first example, we’ll construct a simple checkbook ledger while in the second example we’ll build a more dynamic ledger using Excel’s Table feature. Generally speaking, it is a common practice in Accounting to record transactions in a ledger.Ģ Examples to Create a Checkbook Ledger in Excel In short, a checkbook ledger stores the information of every transaction like purchases, payments, bills, deposits, etc.
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