Preview 1
![Image](https://cdn.theworksheets.com/accounting-worksheets/p-2-3-0-accounting-worksheets.png)
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.
Preview 1
Preview 2
Preview 3
Preview 4
Preview 5
Preview 6