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Q. IF functions (5 marks) Reference a YouTube video explaining IF functions. What is an 'IF'...

Q. IF functions
Reference a YouTube video explaining IF functions. What is an 'IF' statement (function)? Provide a simple spreadsheet accounting example showing an IF function for net profit/net loss.

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Answer #1

IF functions allows us to make comparision and provides results on that basis

Format

=If(Condition,"Result if true","Result if false")

If for net profit/Loss

=If(B3>0,"Net Profit","Net Loss")

B3 Cell will contain the amount of profit/loss

If B3 is greater than zero ie positive It will show Net Profit else Net loss

Do let me know if you have any questions.I would be happy to help

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