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In this tutorial, Vinid explains how to create a bar chart in Excel using the latest format. He opens a sample worksheet that includes different sheets: operating balance, received sales, and closing balance. The operating balance sheet contains serial numbers, item names, opening balances, and units with no formulas. The received sales sheet has serial numbers, item names, total units, and dates. A formula to sum the total units is demonstrated (sum from E6 to AI6). The sales sheet includes serial numbers, item names, complementary sales, total sales, and units, with daily sales details, including complimentary drinks, and a formula to calculate totals by adding specific cells.