Hello Waheed Ramo !
https://www.youtube.com/watch?v=doPjZsGMhQc
http://smallbusiness.chron.com/use-microsoft-excel-accounting-59753.html
http://searcherp.techtarget.com/essentialguide/A-guide-to-using-Excel-as-financial-accounting-software
Yes. In fact "computerization" of accounting activities was the reason of creating spreadsheet software (which is "dominated" now by Microsoft Excel).
https://en.wikipedia.org/wiki/Spreadsheet
Spreadsheets are developed as computerized simulations of paper accounting worksheets.
Of course, capabilities of Excel or other contemporary spreadsheet programs go far beyond relatively not much complicated (from the mathematical point of view) accounting calculations. They include statistical analysis, simulation, optimization, simple database features, charting etc.
Accounting information can be simply entered in an excel sheet as well as other kinds of analysis can be carried out using excel
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