• 1 Marks

FA – May 2013 – L1 – SA – Q17 – Virtual Accounting

This question involves identifying the task most suitable for a spreadsheet.

A spreadsheet is most suitable for which of the following tasks?

A. Posting of double-entry transactions in the general ledger
B. Preparing a budget
C. Preparing letters to sales agents
D. Maintaining an audit trail of transactions
E. Making presentations during a training programme

B. Preparing a budget

Explanation:
Spreadsheets are commonly used for preparing budgets due to their ability to handle large datasets and perform calculations efficiently.

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