In normal circumstances, Excel places a limit on the number of nested conditional formulas that you can use. The limit is 7. However, it is possible to circumvent the limitation over the number of ...

Logic statements in Microsoft Excel allow you to test the contents of cells to see if they meet your criteria. For example, if a spreadsheet lists sales figures, you can use Excel logic statements ...

So cleverly, instead of forcing you to return a hard value such as 3, Excel lets you use this false field to test another condition using a nested IF statement.

You can take these functions to the next level by combining them with Excel's wildcard symbols and nested IF statements in Excel.