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Explain Different Uses of Excel in Business and Commerce

Microsoft Excel is very useful in Business and Commerce. Following is a list of the uses of Microsoft Excel in Business and Commerce: 1. Creating Computerized Worksheets Microsoft Excel is a computer software with electronic worksheets. You can easily input, edit, format your business data in computerized worksheets provided by MS Excel. You can manipulate business data easily and efficiently. 2. Recording Business Data Microsoft Excel can be used in business and commerce for recording the daily transaction records of your business. It provides the facility to store and maintain large amounts of records easily and quickly. 3. Use of Excel in Accounts Department a) Accounting System Microsoft Excel can be used to manage the accounting system of your business organization.It records daily transactions of the organization. b) Prepare Accounting Documents Microsoft Excel can be used to prepare balance sheet, trial balance, ledger and other accounting sheets. 4. Maintai