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#EXCEL TRUNCATE CURRENCY COMPARE HOW TO#
#EXCEL TRUNCATE CURRENCY COMPARE FREE#

This often happens in financial sheets where cells containing formulas that multiply or divide are formatted to display two decimal places, but the actual stored values contain more decimal places.

#EXCEL TRUNCATE CURRENCY COMPARE HOW TO#

Here we learn how to how to use the truncate function using the TRUNC formula along with examples and a downloadable excel template.Excel users often limit the decimal portion of a number to make a spreadsheet more readable. This has been a guide to Trunc Function in Excel. When the value of Num_digits is negative, it returns the truncated value as zero.But, these are different when they are used with negative, For example, INT(-5.3) returns -6 since it is a lesser value, but TRUNC (-5.3) returns -5, only removing the fractional value INT and TRUNCATE excel functions are identical since they result in integer values.It is used when there is no need for grounding of a number.Truncating a decimal number to the nearest integer number.It is used in mining the time and date values from date.This excel function is useful in financial analysis to trim the values to preferred precision levels.The Trunc function has a lot of applications in Excel If we don’t give a number of digits, it takes the default value of zero to the result date. Step 6: Observe the results shown as mentioned below screenshotĪs shown in the figure, only the date value is extracted from date and time using the truncated function excel. Step 2: Place the cursor into the appropriate cell. In this example, the number of digits after decimal point going to be truncated are considered Step 1: In the first step, consider the following data shown in the figure This example best illustrates the basic applications of the truncated function on the set of decimal numbers In this, only the left part of the decimal results since the default value is zero Example #2 – Applying TRUNC Function on a Set of Decimal Numbers Observe the results shown as mentioned below screenshot.Apply the formula to the remaining cells by dragging through the mouse.

In this, no cell address is given for the num_digits parameter, and it takes the default value of zero.

Select the cell address of the number that wants to be truncated.

Enter the excel truncate formula as shown in the figure.

Place the cursor into the appropriate cell to enter the TRUNC function in excel.

In the first step, consider the following data shown in the figure.

Steps to use the TRUNC Function in excel are as follows. This function works in all kinds of excel versions, including 2007, 2010, 2013, 2016, and office 365.

Returns: This function results in a numeric number omitting the fractional part.

The default value of this parameter is 0 if no value is given

num_digits: It is the optional parameter used to specify the number of digits to be truncated after decimal numbers.

Number: It is the mandatory parameter that a user wants to truncate the digits of the fractional part.

Parameters Required: The parameters used by the TRUNC function are identified as number and num_digits.

It will be input as a formula into the cells of the Excel sheet.

It is a built-in function utilized as an excel worksheet function. Trunc function returns the trimmed value of a number based on the number of digits.

#EXCEL TRUNCATE CURRENCY COMPARE FREE#

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Example #3 – To Extract Date from Date and Time.

Example #2 – Applying TRUNC Function on a Set of Decimal Numbers.

Example #1 – Basic Usage of TRUNC Function.

How to Use the Truncate Function in Excel? (Example).