Data formatting involves modifying the appearance or structure of data to make it more useful and accessible. It can include:
1. Converting Data Types: Changing the format of data from one type to another, such as from text to date or from number to currency format.
2. Structuring Data: Ensuring that data is organized in a way that it is easy to analyze or present. For example, aligning numbers, adding decimal places, or grouping data in rows and columns.
3. Applying Consistent Styles: Setting uniform font sizes, colors, and text alignment to improve readability.
4. Standardizing Values: For example, applying the same date format throughout the dataset (e.g., dd/mm/yyyy) or ensuring that numbers with similar meaning are formatted the same way (e.g., monetary values).
Data formatting ensures that the data is presented in a manner that aligns with the purpose of the task or the requirements of the system, making it easier to process, analyze, and visualize.
Tools Used for Data Formatting:
1. Microsoft Excel / Google Sheets: These spreadsheet tools provide extensive formatting options, including adjusting number formats, text alignment, font styles, and conditional formatting.
2. SQL: In databases, data can be formatted using SQL queries, such as the `FORMAT()` function for numbers and dates.
3. Data Visualization Software: Tools like Tableau or Power BI help format data visually for better understanding and presentation.
4. Programming Languages (e.g., Python, R): Programming languages offer libraries (like pandas in Python) for data manipulation and formatting.

Rishika and Shivika were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2024 stood as follows:
Balance Sheet of Rishika and Shivika as at 31st March, 2024
| Liabilities | Amount (₹) | Assets | Amount (₹) |
|---|---|---|---|
| Capitals: | Equipment | 45,00,000 | |
| Rishika – ₹30,00,000 Shivika – ₹20,00,000 | 50,00,000 | Investments | 5,00,000 |
| Shivika’s Husband’s Loan | 5,00,000 | Debtors | 35,00,000 |
| Creditors | 40,00,000 | Stock | 8,00,000 |
| Cash at Bank | 2,00,000 | ||
| Total | 95,00,000 | Total | 95,00,000 |
The firm was dissolved on the above date and the following transactions took place:
(i) Equipements were given to creditors in full settlement of their account.
(ii) Investments were sold at a profit of 20% on its book value.
(iii) Full amount was collected from debtors.
(iv) Stock was taken over by Rishika at 50% discount.
(v) Actual expenses of realisation amounted to ₹ 2,00,000 which were paid by the firm. Prepare Realisation Account.