The SUMIF Function Will Only Total Data That Meets a Certain

question 171

True/False

The SUMIF function will only total data that meets a certain condition.

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Definitions:

Bank Interest

Interest charged by banks on loans or earned on savings accounts and other investments.

Bank Reconciliation

The process of comparing and adjusting the balance shown in a company's bank statement with the balance in its own records.

Bank Reconciliation

The process of matching the balances in an entity's accounting records with the corresponding bank statement.