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What is an electronic spreadsheet?

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Quick Answer

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.

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What is an electronic spreadsheet?
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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.

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Related Questions

  • Q:

    What is the purpose of a spreadsheet?

    A:

    A spreadsheet is used to organize and categorize information into easily readable and understandable columns and rows. Both large and small businesses can utilize spreadsheets to keep track of important date.

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  • Q:

    What are the advantages of using a spreadsheet?

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    Spreadsheets save time and provide both flexibility in presentation and accuracy of calculations as compared to the use of calculators or pen and paper. A spreadsheet allows for instant calculations using formulas and is easy to use, alter, store and print data.

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  • Q:

    What are the benefits of using a computer spreadsheet?

    A:

    Spreadsheets allow business people to combine the reporting of data with in-built, electronic calculations. Therefore, numbers can be tallied and displayed for accounting use without the need to figure the totals manually. Business owners can view the calculations directly without relying on company bookkeepers or accountants. Computing information with spreadsheets also saves paper, which is both economical and environmentally friendly.

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  • Q:

    How do you create an inventory spreadsheet?

    A:

    To create an inventory spreadsheet, open the spreadsheet software of your choice and choose the icon for a new document. Set aside a page for each type of product to be inventoried. Create headers, such as "Product Name," "Cost," "Price" and "Description," in the first row of the columns.

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