Step 1: The lens formula relates the object distance \( u \), the image distance \( v \), and the focal length \( f \) of a lens.
Step 2: The correct formula is \( \dfrac{1}{v} - \dfrac{1}{u} = \dfrac{1}{f} \), which is valid for both converging and diverging lenses.
Final Answer:
\[
\boxed{\dfrac{1}{v} - \dfrac{1}{u} = \dfrac{1}{f}}
\]