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Regarding updation of field



I created one custom object say Booking and in this i created one custom field Price.Bookname is the lookup of Account.Each time when Price is inserted or updated in Booking object ,the corresponding Price value is added and stored in Total price field of Account object.How can this be done.Please help me in  this.


Thanks in advance.




u can do this by creating a cross object formula field......


Please Can you please give me example.I dint get properly.