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in Application of Electronic Spreadsheet in Accounting by (63.7k points)

Explain the importance of spreadsheet in Accountancy.

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Importance and Uses of MS Excel Spreadsheet:
Microsoft Excel spreadsheet software has become an integral part of most business organisations across the world. MS Excel is used for various purposes by business establishments. Some organisations use this spreadsheet software for generating memos, track sales trends and other business data. Microsoft Excel spreadsheets software come with million rows of data and automate number crunching, but this popular spreadsheet software is capable of doing more than just figures. MS Excel has a simple interface that allows users to easily understand this software and also perform basic activities.

Ms Excel offers a grid interface that allows the users to organise any type of information that require. One of the major advantages of MS Excel spreadsheet software is its flexibility feature.

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