According to Microsoft Excel, IF statement is defined as a function which “checks whether a condition is met, returns one value if True and another value if False”. Reference: Please refer the below article for more Logical Excel functions. The tutorial shows how to write an IF OR statement in Excel to check for various "this OR that" conditions.

IF is one of the most popular Excel functions and very useful on its own. Logical Excel Formulas
The IF function is an Excel function that is used to test for a logical condition and return different values depending upon it. The IF() function is one of Excel’s super functions. Formula that uses the IF function logical_test: The condition that you want to check. It is a fundamental building-block of Excel formulas. value_when_false. Combined with the logical functions such as AND, OR, and NOT, the IF function has even more value because it allows testing multiple conditions in desired combinations. There is a lot more power in Excel formulas conditions than just the basic IF() function, though. Interestingly, this parameter is optional and if not specified, the IF formula will use the Boolean value of FALSE instead. Excel Date function The Excel DATE function returns the serial number for a date.The syntax of the DATE function is as below:= DATE (year, month, day) … Excel IF function The Excel IF function perform a logical test to return one value if the condition is TRUE and return another value if the condition is FALSE….

For example, the IF function uses the following arguments. Testing whether conditions are true or false and making logical comparisons between expressions are common to many tasks. You will find it present in almost any complex formula. value_when_false is the value that will be returned returned by the function when the above criteria evaluates to FALSE. VBA example on IF function.

You can use the AND, OR, NOT, and IF functions to create conditional formulas. Explanation: IF function only returns 2 results, one [value_if_True] and Second [value-if_False] First IF function checks, if the score is less than 50, would get C grade, The Second IF function tests if the score is less than 75 would get B grade and the rest A grade.. For example you could test if cell A1 contains the number 1 and return “Yes” if it does using this formula: =IF(A1=1,”Yes,”No”) IF function is also available in VBA, following is the example code: Dim sOuput as String Dim iVal as Integer iVal=2000 If iVal =3500 Then sOutput="Good" Else sOutput="Not Good" End If Output: sOutput=Good. This can be a number, string or a combined expression. In plain simple English IF function is an instruction that checks any condition, if the condition is found to be TRUE then it returns a predefined value however if the condition is False, it returns a different predefined value.
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