GMROI Definition

Bookmark and Share

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

Learn new Accounting Terms

WAYBILL is a document prepared by a carrier for a shipment of goods that contains details of the shipment, route, and charges. 

INDEPENDENT AUDIT is an examination of financial statements conducted by an outside CPA (one not employed by the firm being examined) according to generally accepted auditing standards (GAAS) for the purpose of expressing an opinion as to whether the statements are a fair presentation in accordance with generally accepted accounting principles (GAAP).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.