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The Accounting Worksheet, Page 4

Utility of a Worksheeta person looking at spreadsheet on monitor.

Worksheets are used to prepare financial statements for business organizations. A worksheet is a multicolumn accounting paper that is printed with space for column headings and used to record the details of a transaction. The worksheet can also be prepared using computer spreadsheet software.

Worksheets provide necessary information such as: 

  • Profit in the business
  • Financial status of the business 
  • The nature of changes

This information enables businesspeople to make the most informed decisions possible.