j.e. mcgimpsey
January 8, 2012 at 3:35 pm | #
Your example demonstrates a common fundamental misunderstanding of Excel changing the displayed number of digits doesnt do anything to the stored value which is used in calculations.
Setting Precision as Displayed is usually a REALLY bad idea since XL will actually change the values you enter, unless you set up your workbook very carefully, youll never know where the precision was lost. Youre usually much better off using the ROUND() function, e.g.: =ROUND(A1,2) + ROUND(A2, 2), which at least hints at where potential inaccuracies may creep in. Your hypothetical accountant will never be able to find out why hes one off if the base data is permanently lost.
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