2ACCOUNTING SYSTEM AND PROCESSQuestion no. 1Under spreadsheet, names replace the cell references so that the users can calculate and use the formulasto make it convenient and useful. Examples of spreadsheet that represents the liabilities as well as the owner’sequity are represented below –Question no. 2 The negative numbers are put in brackets rather than showing it through putting the minus sign facingthe negative numbers to present the negative numbers clearly and make it more visible to the users (Golyagina,& Valuckas, 2016). One example of putting the negative numbers in bracket is as follows –
3ACCOUNTING SYSTEM AND PROCESSQuestion no. 3The spreadsheet makes is easier to enter various entries in proper way under separate columsparticularly at the time of recording inventory. The spreadsheet must show the data area distinct from the reportarea as the data area includes the entire data that are not yet processed whereas, the report area includes thatdata which are processed. It helps the users to extract the processed as well as unprocessed data as per hisrequirement. The below presented image is an example of segregating the report area and data area –Question no. 4
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