To solve the problem, we need to identify the error that occurs when Excel doesn't recognize a text formula and then provide two possible solutions to correct it.
1. Identifying the Error:
The error that appears when Excel doesn't recognize a text formula is:#NAME?
This error typically means that:
2. Solutions to Correct the Error:
=TEXT(A1,"mm/dd/yyyy") instead of a misspelled function like =TXET(A1,"mm/dd/yyyy").=IF(A1="Yes", "Approved", "Pending") instead of =IF(A1=Yes, Approved, Pending).Final Answer:
The error that occurs is #NAME?. Two solutions to correct it are: (1) check for correct spelling of function names, and (2) make sure all text in formulas is enclosed in double quotation marks.
From the following Balance Sheet of Hira Ltd. as at 31st March, 2023, prepare Comparative Balance Sheet: 