Calculating the percent of the budget


Assignment:

You will use Microsoft Excel to develop a worksheet that details your personal expenses in at least four categories from the last three months. Some of these expense categories might include, but are not limited to, Mortgage, Rent, Utilities, Phone, Food, Entertainment, Tuition, Childcare, Clothing, and Insurance. (These numbers may be fictitious.)

The Spreadshee tBegin by opening a new Microsoft Excel file.

Fill in the appropriate amount for each expense for each month.

Beside the column with your third month's entries, create another column for totals for each category. Use a formula to calculate a total for each category of expense. In the row below your last expense entry, create another row for the monthly totals of expenses.

Use a formula to calculate a total for each month of expenses.

Beside the column add another column for calculating the percent of the budget for each expense category. Use a formula to calculate the percent that each expense category is of the total expenditures.

Format the worksheet by adjusting column widths and wrapping text, and by applying appropriate financial number formatting and cell styles.

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Accounting Basics: Calculating the percent of the budget
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