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The combined sign has no special meaning. Any formula in Excel starts with an equal sign. To refer to a cell, you can write, for example, =A1. This can also be written as =+A1. The "+" isn't really necessary in this case. Most likely, a user started the formula with a "+" (out of old habit, since that's what people used to do in older spreadsheet programs), and Excel added the equal sign, which is required in Excel, automatically.

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Q: What does equal plus mean in excel?
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