What Are – TheWorksheets.CoM – Page 2

What are the 11 Basic Accounting Formulas? - Eastern Connecticut State ...

There are several accounting formulas used to report the financial health of a person or business. These formulas are used to produce the Balance Sheet and Income Statement. Also known as Profit & Loss Statement. Formula 1: The Accounting Equation The accounting equation is a vital formula. For it is the root of accounting.