What does excel do when you enter a value into a cell?

It can do various things. On entering the value to a cell, the value may be formatted if the cell has some previous formatting applied to it. All the formulas in the spreadsheet will recalculate, which means that if the new value affects some results of formulas, the spreadsheet will be up to date.

The cursor will normally move on to another cell to make it the active cell when the value has been entered.

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