What are the various Formatting options available in Excel?

We can have a look at the various formatting options available in Excel by selecting a cell that contains a number and from thereon heading towards the Number formatting drop-down on the Home ribbon tab:
Following are the most used formatting options that are available in Excel:
  • Number. Excel would format your input as a generic number with commas in-between the thousands digits.
  • Currency. Excel would format your input with a currency sign in front of it and two trailing digits after the decimal point.
  • Accounting. Similar as the Currency format, but currency sign will align to the left-hand side of the cell.
  • Date. Excel would format the given input as a date. Note that dates in the Excel are displayed as numerical quantities.
  • Time. Excel would format the given input as a date or time. Times are also displayed as numerical quantities in the Excel.
Percentage. Excel would format the given input as a Percentage. Like, an input of 0.76 will be read as 76%. It is important to note that the number formatting will not actually change the cell values in Excel. The number 2 formatted as a:
  • Currency,
  • Accounting,
  • Or Even percentage will not change it's actual value — it will be still stored as the numerical quantity 2 in Excel.

Changing decimal points

Another feature that comes handy in case of number formats in Excel is that it can be used to modify the number of trailing decimal places behind a number. Just click the Add or Remove Decimal Place Buttons on the Home section of the Ribbon:
Let us try formatting our currency quantity with no decimal places to save some space:
Whenever you are working in Excel, try to align the formatting of your numbers — including both formatting style and the number of decimal places — with the information you are trying to convey to your viewers. If a high level of specificity is required, use many trailing decimal places required. If not, then consider removing decimal places round to the nearest whole number.

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