Workbook: Understanding Consolidation Worksheets

What is a consolidation worksheet in a workbook?

a. A sheet for external references
b. A sheet for dependent worksheets
c. A sheet for source worksheets
d. A separate summary sheet

Answer:

A separate summary sheet in a workbook is commonly known as a "consolidation worksheet" (Option d).

In a workbook, a consolidation worksheet is a separate sheet created to compile and summarize data from multiple source worksheets or workbooks. This sheet acts as a central hub where information from various sources is brought together and presented in a cohesive manner.

The main purpose of a consolidation worksheet is to provide an overview or summary of the data contained in the source worksheets. Instead of navigating through multiple sheets to gather information, users can refer to the consolidation worksheet for a concise view of the essential data.

When using a consolidation worksheet, functions or other methods can be employed to aggregate, analyze, and present the combined data effectively. This sheet is commonly used for reporting and analysis purposes, allowing users to make informed decisions based on the summarized information.

Therefore, a consolidation worksheet in a workbook serves as a valuable tool for organizing and presenting data from various sources in a clear and structured format.