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Asked by Dileep Last Modified
Answer 
It means the value you are looking for in the first column of the reference table is not available.
So for example: Lets say you are trying to search for "XYZ" in column B and pick some value against it in column F.
#N/A error will appear if the value XYZ does not exist in Column B
OR If it exists in Column B then in your VLOOKUP formula you haven't selected column B as the first column
Are you aware of Index and Match function combination methods. Try it out, you will be able to overcome some limitations of VLookup.
hope this helps
hemant
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