Excel Formula Nested IF AND OR - excel

Question

Hi I am trying to get this to work and I have for the most part but missing one piece I want to add. So far I am using this
=IF(OR(AND(G2="Received", C2<>0),AND(G2<>"Received",C2=0)), "PASS", "FAIL")
What I want to happen is to add that if the item is shipped status but not received in another system but the shipment was within 1 calendar day then set the field to say review other wise if its older than one day say fail.
if G2 is "received" and C2 is not 0 then pass otherwise fail
if G2 is not "received" and C2 is 0 then pass otherwise fail
if G2 is ""Shipped" and C2 is not zero and X2 less than 1 day from current date then REVIEW otherwise fail

Answer 1

I would write this exactly as you have it in that last paragraph, and drop the "OR" from your original IF formula:
=IF(AND(G2="Received",C2<>0), "PASS", If(AND(G2<>"Received", C2=0), "Pass", If(AND(G2="Shipped", C2<>0), "Pass", "Fail")))
If it gets more complicated then that, then consider a UDF to keep your sanity in check.
Also, since each one of these three conditions is mutually exclusive, you could refactor this thing down into a boolean statement:
=(G2="Received")*(C2<>0) + (G2<>"Received")*(C2=0) + (G2="Shipped")*(C2<>0)
This will return True or False instead of Pass or Fail. It's a little shorter and doesn't rely on nested if's so adding more combinations of conditions should be easier in the future.
I missed that last date requirement. Updated statement:
=IF(AND(G2="Received",C2<>0), "PASS", If(AND(G2<>"Received", C2=0), "Pass", If(AND(G2="Shipped", C2<>0, Today()-x2<=1), "REVIEW", "Fail")))
So... just added an extra condition in the last AND() here.