FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -This statement is true. 1. If you want to show any numbers as fiscal values, you must arrange those specific numbers as currency.

Detailed explanation-2: -If you want to display numbers as monetary values, you must format those numbers as currency. To do this, you apply either the Currency or Accounting number format to the cells that you want to format. The number formatting options are available on the Home tab, in the Number group.

Detailed explanation-3: -The Currency format refers to a built-in number format of MS Excel used particularly for currencies like prices. It adds a currency sign before the entered values within the formatted cells. The currency format is most commonly used for denoting general monetary values in Excel cells.

Detailed explanation-4: -United States (U.S.) currency is formatted with a decimal point (.) as a separator between the dollars and cents. Some countries use a comma (, ) instead of a decimal to indicate that separation.

Detailed explanation-5: -Select the cells that you want to format and then, in the Number group on the Home tab, click the down arrow in the Number Format box. Choose either Currency or Accounting.