Utility of a Worksheet
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.