The following procedure is recommended when creating financial statements in Excel, in order to minimize error and make the statements easier to…

. The following procedure is recommended when creating financial statements in Excel, in order to minimize error and make the statements easier to read when provided to others:a.Use custom number formatsb.Make excel do as little work as possible by avoiding the use of formulasc.Use as many fonts and colors as possible in order to separate line items and subheadingsd.Hide data you do not want others to see before distributing a worksheet