Both the HLOOKUP and VLOOKUP Functions Look Up a Value

question 90

True/False

Both the HLOOKUP and VLOOKUP functions look up a value in a table and return a sarresponding value from the table to the cell santaining the function.

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Definitions:

Equipment

Tangible assets used in operations, such as machinery or office hardware, that play a key role in business operations and productivity.

Allowance for Repairs

A reserve of funds set aside by a company to cover anticipated repair costs for its assets.

Deferred Credit

Liabilities or income that have been recognized but not yet earned, and therefore, postponed to a future accounting period.

Contra Account

An account that is used to reduce the value of a related account on a financial statement and presents the net balance of both accounts.