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The IF function is the most important Logical function in Excel The IF function is used to test for a condition and return one value if the condition is TRUE and another value if the condition is FALSE To illustrate how the IF function works, lets look at an example Here we have a table of data that consists of Item and Quantity columns Lets use the IF function to return a value of Reorder if the quantity is less than 10 To get started, lets begin by entering the IF command As you can see, the IF function takes 3 parameters, with the last parameter being optional The first parameter is the condition or value to test In our example, we want to test to see if the value in cell B2 is less than 10 so we will enter B2