Formulas are helpful for the students in order to understand the concepts of Economics and Accountancy which are the main subjects that are studied in Commerce. Economics as a subject represents the production, distribution and consumption of products in a country. It also helps businesses to determine the best combination for achieving maximum profit.
For a student, having a good understanding of the fundamentals is very much important, it will help them in grasping the concept easily, which can prove to be beneficial in learning. This page contains a repository of the basic formulas that are used in Commerce subjects such as Economics and Accountancy.
It will serve as a quick guide to the students of Class 11 and 12 who are looking for formulas for Economics and Accountancy.
This was all about the Commerce formulas, which plays a very important role in students’ understanding of fundamentals and theories of Economics and Accountancy. For more such interesting topics, stay tuned to BYJU’S.