Final answer:
The command to check for common errors in a formula is in the Formulas Auditing group on the Excel Formula Ribbon, which includes tools like Error Checking and others for formula evaluation and debugging.
Step-by-step explanation:
The command that checks for common errors found in a formula in Microsoft Excel is located in the Formulas Auditing group on the Formula Ribbon. This group contains various tools that help you check formulas for errors, evaluate formula parts, trace precedents and dependents, and watch and evaluate formulas.
To use the error-checking feature, you can click on 'Error Checking' within the Formulas Auditing group, and Excel will help you identify and correct common mistakes. Other tools like Trace Precedents and Trace Dependents are also helpful in understanding and debugging formulas.