- T -  


Tangible Fixed Assets

A fixed asset (also called a non-current asset) which has a physical existence.

Timeliness

Qualitative characteristic that potentially conflicts with relevance.

Total Assets Usage

Sales divided by total assets.

Trade Creditors

Persons who supply goods or services to a business in the normal course of trade and allow a period of credit before payment must be made.

Trade Debtors

Persons who buy goods or services from a business in the normal course of trade and are allowed a period of credit before payment is due.

Trade Payables

Amounts due to suppliers (trade creditors), also called accounts payable.

Trade Receivables

Amounts due from customers (trade debtors), also called accounts receivable.

True and Fair View

Requirement of UK company law for UK companies not using IASB system.

Turnover

The sales of a business or other form of revenue from operations of the business.