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In this Excel tutorial, Vinid demonstrates how to create a bar chart using the latest format and proper record-keeping. He opens a spreadsheet featuring different sheets: opening balance, received sales, and closing balance. The "opening balance" sheet includes columns for serial number, items, opening balance, and units, without any formulas. In the "received" sheet, there are serial number, items, total units, and monthly dates, with a formula to sum values from cells E6 to AI6, which can be copied down. The "sales" sheet contains serial number, items, complementary sales, total sales, and units, with daily sales data, including complementary items for special cases like complimentary drinks, supported by additional formulas.