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Excelspreadsheet~5 mins

EDATE and EOMONTH in Excel - Cheat Sheet & Quick Revision

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Recall & Review
beginner
What does the EDATE function do in Excel?
EDATE returns the date that is a specified number of months before or after a given start date. It helps you find a date exactly months away.
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beginner
How does EOMONTH differ from EDATE?
EOMONTH returns the last day of the month, a specified number of months before or after a start date. EDATE returns the exact date, not necessarily the month end.
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beginner
Write the formula to find the date 3 months after January 15, 2024 using EDATE.
The formula is =EDATE("2024-01-15", 3). It returns April 15, 2024.
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beginner
What will =EOMONTH("2024-01-15", 0) return?
It returns January 31, 2024, the last day of the same month as the start date.
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intermediate
Why use EOMONTH when calculating due dates or billing cycles?
Because it gives the last day of a month, it helps set deadlines or billing dates that always fall at month end, even if months have different lengths.
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What does =EDATE("2024-05-10", -2) return?
AMay 10, 2022
BJuly 10, 2024
CMay 8, 2024
DMarch 10, 2024
Which function returns the last day of a month?
AEOMONTH
BTODAY
CEDATE
DDATE
What does =EOMONTH("2024-02-15", 1) return?
AMarch 31, 2024
BFebruary 29, 2024
CApril 15, 2024
DMarch 15, 2024
If you want to find the date 6 months after today, which formula is correct?
A=TODAY()+6
B=EOMONTH(TODAY(), 6)
C=EDATE(TODAY(), 6)
D=DATE(TODAY(), 6)
What happens if you use a negative number in EOMONTH?
AIt returns an error
BIt returns the last day of a past month
CIt returns the first day of the month
DIt returns the last day of a future month
Explain how you would use EDATE and EOMONTH to calculate a payment due date that is always the last day of the month, 2 months from a given invoice date.
Think about how EOMONTH handles months and how the second argument controls the month offset.
You got /3 concepts.
    Describe the difference in output between EDATE and EOMONTH when given the same start date and month offset.
    Focus on what part of the date each function returns.
    You got /4 concepts.