The lookup process is basically the same as is for a number, because excel considers dates to be numbers. The lookup value is looked up in the left most column in a table and is returned from the given column index.
Category: Lookup and reference
Looks in the first column of an array and moves across the row to return the value of a cell
VLOOKUP (lookup_value, table_array, col_index_num, [range_lookup])
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