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# Credit Summation Formula Excel

MS Office Excel is a spreadsheet application. The spreadsheet allows an individual to . One can perform various calculations and also analyze and forecast whilst operating numerical statistics. In Excel, various kinds of statistical functions can be applied to the cells. One can also apply mathematical functions to the data. You can use Excel for complex formulas to do the sum of data in the same or another sheet. The below article details a user generated credit/debit summation formula which should be simply pasted into the cell where a result is desired.

## Credit Summation Formula Excel

Below is the data (date, name, debit/credit) found in sheet1. The user needs the formula to get the sum of debit/credit in another sheet.

### For example:

SHEET2
DATE CREDIT/DEBIT
25-nov-09 (sum of debit/credit of the date).

DATE SCRIP NET(Cr/Dr)
19-Nov-09 LOKHSG -21025.40
20-Nov-09 LOKHSG -41024.68
24-Nov-09 RAJOIL 1208.81
24-Nov-09 TATACOFFEE 976.74
24-Nov-09 SKF -521.02
25-Nov-09 RAJOIL 1036.34
25-Nov-09 MMFIN 830.95
25-Nov-09 HEG 122.02
25-Nov-09 SESAGOA 269.47
26-Nov-09 BAYER 679.72
26-Nov-09 HEG 1552.68
26-Nov-09 MONNET -42131.28
26-Nov-09 RAJOIL -68961.30
30-Nov-09 MONNET -210.90
1-Dec-09 WARRANTEA 1051.76
1-Dec-09 WARRANTEA -49708.47
1-Dec-09 TORRENTPOWER 587.44
1-Dec-09 MONNET -40476.41
1-Dec-09 RAJOIL 67770.92

## Solution For Credit Summation Formula Excel

• In sheet2 B2 paste this formula:
`=SUMPRODUCT((Sheet1!\$A\$2:\$A\$22=A2)*(Sheet1!\$C\$2:\$C\$22))`
• And hit theEnter key