📝 One-liners · 66 cards
JAIIB AFM MARATHON 2
What is the formula for calculating Return on Equity (ROE)?
ROE = Net Profit After Tax / Shareholders' Equity × 100. It measures how efficiently a bank uses shareholders' funds to generate profit.
What is the meaning of 'Dual Aspect Concept' in accounting?
Every transaction has two equal and opposite aspects.
What does the Current Ratio indicate in financial analysis?
The Current Ratio = Current Assets / Current Liabilities, indicating a firm's ability to meet short-term obligations. A ratio above 1 is generally considered healthy.
What is the difference between Book Value and Market Value of a share?
Book value is accounting value; market value is current trading price.
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