ACCOUNTING EQUATION is a mathematical expression used to describe the relationship between the assets, liabilities and owners equity of the business model. The basic accounting equation states that assets equal liabilities and owners equity, but can be modified by operations applied to both sides of the equation, e.g., assets minus liabilities equal owners equity.

BASLE COMMITTEE was set up by the Bank for International Settlements and is based in

GMROI is an acronym for Gross Margin Return On Investment (retail).

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