Question : There are various applications of spreadsheet in accounting. What are they?
Option 1: Text and Nunmber in accounting
Option 2: Calculation of Expense
Option 3: Calculation of income
Option 4: All of the above
Correct Answer: All of the above
Solution : The various applications of spreadsheet in accounting are as follows :
Text and number in Accounting
Calculation of Expense
Calculation of Income
Prepration of trading account
Preparation of Profit Loss Account
Trial Balance
Balance Sheet
Hence the correct answer is option 4.