EA$7-$C$1$ DISCUSS USING THE IF FUNCTION

The IF function is one of the most versatile functions available in Excel. Even the simplest IF function can add great benefit to a worksheet. In this chapter, you saw how the IF function can be used in a payroll register to ensure that correct earnings and withholding amounts are entered for each employee. However, the payroll register is not the only accounting$-$related worksheet within which the IF function can be used.

Identify THREE types of accounting worksheets $($other than the payroll register$)$ that can benefit from the use of the IF function. Write a paragraph of at least FIVE sentences in which you identify these worksheets. Write a second paragraph of at least FIVE sentences to discuss how the IF function can be used within each worksheet and why it would be beneficial to do$$so$.$