The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.
A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.
The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.
Therefore, the above statement is true.
Learn more about the spreadsheets, refer to:
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