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What is the importance of spreadsheets?

A:

Quick Answer

Using a spreadsheet allows a business to keep records of vast information in a single, organized location. A spreadsheet can easily make various calculations simultaneously, aiding in the analysis of its numerical data. This allows businesses to record their accountancy flow and create forecasts to achieve their targets.

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What is the importance of spreadsheets?
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Full Answer

Statistical information such as income, spending, overhead costs and stock flow can all be recorded using a simple spreadsheet software package. A spreadsheet is relatively simple to use and can turn information into complex charts and graphs. The forecasts created in a spreadsheet can also assist in decision-making within any business.

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