An electronic spreadsheet is a computer application that displays and organizes data. Each data is stored in a cell of a worksheet and can be manipulated using formulas to calculate or change the data in other cells.
Electronic spreadsheets are primarily used to store and organize financial and statistical information, such as income statements, balance sheets and frequency distribution tables. Because of their built-in formulas, spreadsheets let users calculate and readjust numerical results much faster than using traditional pen and paper. Data stored in spreadsheets can also be rearranged to highlight specific information when printed or incorporated into presentations or other documents.