Practice Summary (12) - Accounting Application of Electronic Spreadsheet
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Practice Questions

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Question 1 Easy

What is an electronic spreadsheet?

💡 Hint: Think of paper ledgers but in digital form.

Question 2 Easy

List two features of electronic spreadsheets.

💡 Hint: Consider functions that help in accounting.

4 more questions available

Interactive Quizzes

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Question 1

What defines an electronic spreadsheet?

A paper ledger
A digital grid for data
A calculator

💡 Hint: Think about what makes it different from paper.

Question 2

True or False: The SUM function is used to calculate the average of numbers.

True
False

💡 Hint: Recall the specific purpose of each function.

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Challenge Problems

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Challenge 1 Hard

A company has the following ledger balances: Cash ₹30,000, Capital ₹70,000, Purchases ₹20,000, Sales ₹50,000. Create the trial balance and identify if it is balanced.

💡 Hint: Summarize each side to see if they match.

Challenge 2 Hard

You find an error in your balance calculated with a formula. What steps would you take to identify and correct the error?

💡 Hint: Look for any misplaced cell references.

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