Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Use of Spreadsheet in Business Applications

Question:

For what purpose is MS-Excel mainly used for?

Options:

Drawing diagrams

Calculations on spreadsheets

Video editing

Creating websites

Correct Answer:

Calculations on spreadsheets

Explanation:

The correct answer is option 2- Calculations on spreadsheets.

MS-Excel is an easy and useful tool for various calculations carried out on spreadsheets. The examples are Payroll Calculation, Fixed Asset Accounting, and Loan Repayment Schedule.