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Accounting Formulas

11 Basic Accounting Formulas

NameFormula
The Accounting Equation Worth = Assets – Liabilities
Current Assets Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Expenses
Net Fixed Assets Net Fixed Assets = Fixed Assets @ cost – Accumulated Depreciation
Current Liabilities Current Liabilities = Accounts Payable + Accrued Expenses + Current Portion of Debt + Income Taxes Payable
Shareholder's Equity Shareholder’s Equity = Capital Stock + Retained Earnings
Total Liabilities & Equity Total Liabilities & Equity = Current Liabilities + Long-Term Debt + Shareholders’ Equity
Gross Margin Gross Margin = Net Sales – Cost of Goods Sold
Operating Expenses Operating Expenses = Sales & Marketing + Research & Development + General & Administrative
Income From Operations Income From Operations = Gross Margin – Operating Expenses
Net Income Net Income = Income From Operations + Interest Income – Income Taxes
Created by: 919125332683203
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