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formula bits so what is the formula phase when do we use it and how do we use it now lets see the formula is the formula pages are basically its one type of a record type its a uh one type of a data type so formula creating a formula build is nothing but there is a one data type which is called as a formula build so if you go to the account and lets say here I wanted to get the fields and relationship and if you click on a new button so there is a one data type which is called as a formula build so formula fields are used for the sum calculation if there are any calculations or if you want to read only basically these formula prints are read only field and once you create this formula build automatically these fields are Auto calculated that means logic tax information if you want to check the tax details right so for example on the annual revenue I have a sorry on the account I have a annual revenue so if you go to the account and just open this and we have a field in the account