Answer:
Important: The Server and Client machine are the same machine
If the Server Name : SQLFunda
If the Instance Name : SQLBuddy
When we try to connect with the SQL Server from the Client, we can use either one of the ways...
1. Server Name\Instance Name
i.e: SQLFunda\SQLBuddy
(or)
2. (Local)\Instance Name
i.e: (Local)\SQLBuddy
(or)
3. Localhost\Instance Name
i.e: Localhost\SQLBuddy
(or)
4. .\Instance Name
i.e: .\SQLBuddy
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