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Tangible Fixed AssetsA fixed asset (also called a non-current asset) which has a physical existence.
TimelinessQualitative characteristic that potentially conflicts with relevance.
Total Assets UsageSales divided by total assets.
Trade CreditorsPersons 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 DebtorsPersons 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 PayablesAmounts due to suppliers (trade creditors), also called accounts payable.
Trade ReceivablesAmounts due from customers (trade debtors), also called accounts receivable.
True and Fair ViewRequirement of UK company law for UK companies not using IASB system.
TurnoverThe sales of a business or other form of revenue from operations of the business.