Items

• solvency ratio

  Ratio that indicates the company’s ability to meet long-term financial obligations.
• statement

  It is a document that presents information about a company’s affairs such as profitability, performance, etc.
• stationery

  It is the writing instruments and other office supplies used for writing, drawing and other related activities.
• statutory control

  Something that is subjected to the laws of the government or any other regulatory body.
• inventory count

  A process of counting inventory that is still on hand.
• inventory valuation

  The process of assigning value to the inventory on hand y.
• stop-order

  An instruction by the account holder to their bank to pay an amount of a recipient on a regular basis.
• storeroom

  A room that is used to store items.
• strike

  Action taken by workers who stop working because they are demanding better working conditions.
• subsidiary journals

  Are accounting records used to track specific types of transactions within a company.
• sundry

  Various small or unclassified items that are not specifically categorised.
• sundry account

  An account that records various small or unclassified items that are not specifically categorised.
• sundry expenses

  It is various small or unclassified expenses that are not categorised.
• supply

  It refers to the availability of something or the act of providing something.
• surcharge

  Additional fee charged on top of existing cost or price.
• surety

  A promise by one party to take the responsibility of the obligations of another party if this party fails to fulfil its obligations.
• surplus

  It is something that is in excess of what is required.
• tangible asset

  Physical assets that can be touched or seen.
• tariff

  Tax or duty charged on imports or exports.
• tax

  It is a charge by the government to the individuals and businesses to generate income for funding public goods.
• taxable income

  It is income earned by individuals or businesses after deductions and exemptions according to the Income Tax Act.
• tax calculation

  The process of calculating tax that the individual or the business owes to the government.
• tax clearance certificate

  It is a certificate that states that the individual or business complies with the tax obligations and has no tax obligations.
• tax compliance status (TCS)

  It is a system that states that the individual or business complies with the tax obligations and has no tax obligations.
• tender

  A proposal made by one party to another party in response to a demand by another party.