Tangible asset – something substantial or real that is capable of being given an actual or approximate value.

Tax invoice – a document generally issued by the supplier. It shows the price of a supply, indicating whether it includes GST, and may show the amount of GST. It must show other information, including the ABN of the supplier. You must have a tax invoice before you can claim an input tax credit on your activity statement (except for purchases of $50 or less).

Tender – an offer in writing to carry out work, which has been specified by another person. The offer quotes a fixed price, which will be charged for doing the work.

Term loan – a loan for a fixed period of more than one year and repayable by regular instalments.

Trade credit – an arrangement to buy goods or services on account, that is, without making immediate cash payment.

Trade discount – an allowance made by a seller to a buyer at the time of purchase, for the deduction of a percentage of the price, provided the payment is made within agreed terms.

Trade mark – can be a letter, number, word, phrase, sound, smell, shape, logo, picture, aspect of packaging or any combination of these, which is used to distinguish goods and / or services of one trader from those of another

Training module – stand-alone section of a software program written to teach users about the program’s features and capabilities.

Trial balance – a list of all balances in the ledger at a given time.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W