Microsoft Excel is one example of an electronic spreadsheet. The Excel spreadsheet contains rows and columns used specifically for inputting data. Each block in the spreadsheet is called a cell, and each cell holds numbers or words.
When the spreadsheet is used to input numbers, the value in the spreadsheet is calculated to perform an assigned mathematical function. An electronic spreadsheet is used in industries that perform accounting tasks such as banks, accounting firms, nonprofit organizations and other type of businesses. Although Microsoft Excel is one example of an electronic spreadsheet, there are other companies that offer the same or similar electronic spreadsheets.