Question

Define workbook.

Answer 1

A workbook is a separate electronic file generated by a spreadsheet application like Microsoft Excel that contains one or more individual worksheets or charts. It acts as a comprehensive binder or digital booklet, allowing users to organise, manage, and calculate different subsets of business data within a single file. In computerised accounting, a single workbook is typically used to manage the complete financial records of a specific year, with individual tabs or worksheets inside dedicated to distinct schedules like cash books, ledgers, and final balance sheets.