Why Is the VLOOKUP Function Used More Often Than Other

question 1

Multiple Choice

Why is the VLOOKUP function used more often than other lookup functions?

• A) Because it has more powerful calculations
• B) Because most tables are vertical
• C) Because it is easier to implement
• D) Because it is the default lookup function

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Definitions:

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made in the previous period.

General Journal

A comprehensive journal that records all types of accounting transactions, without limitation to specific categories.

Balance Sheet Columns

The sections in a balance sheet showing assets, liabilities, and shareholders' equity at a specific point in time.

Net Income

The amount of money left over after all expenses, taxes, and costs have been subtracted from total revenue; also referred to as net profit.