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A B C D E F G H I J L M N O P Q R S T U V W Z
T TA TH TO TR TU
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T Account
"T Account: A particular method of displaying an account where the debits and associated information are shown on the left, and credits and associated information on the right. " More…
Tangible assets
"Tangible assets: Assets of a physical nature. Examples include buildings, motor vehicles, plant and equipment, fixtures and fittings. See Intangible assets. "
Three column cash book
Three column cash book: A journal which deals with the day to day cash and bank transactions of a business. The side of a transaction which relates directly to the cash or bank account is More…
Total Cost of Ownership
"Total Cost of Ownership (TCO): The real amount an asset will cost. Example: An accounting application retails at $1000. Support - which is mandatory, costs a further $200 per annum. More…
Trading account
"Trading account: An account which shows the gross profit or loss of a manufacturing or retail business, i.e. sales less the cost of sales. "
Transaction
Transaction: Two or more entries made in a journal which when looked at together reflect an original document such as a sales invoice or purchase receipt.
Trial Balance
Trial Balance: A statement showing all the accounts used in a business and their balances.
Trustee
The person under the Bankruptcy and Insolvency Act who administers bankruptcy and proposal estates.
Trustee's Report on the Bankrupt's Application for Discharge (also known as the 170 Report)
"The trustee must prepare a report in the prescribed form with respect to the affairs of the bankrupt, the causes of the bankruptcy, the manner in which the bankrupt has performed the More…
Turnover
Turnover: The income of a business over a period of time (usually a year).
Cred-O-Pedia Glossary of Credit Learning
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