| company's working capital | current assets-current liabilities |
| current assets | assets that will be consumed or turned into cash in the ordinary course of bussines in the next year |
| current liabilities | debts to be paid within one year of the date of the balance sheet |
| current ratio | current assets/current liabilities |
| customs | the government agency controlling the flow of goods in/out of a country, collecting imports duties |
| cost accounting | the determination of the cost of goods and services including indirect expenses |
| resources | useful or valuable materials or qualities posseddes by an organization |
| memorandum of association | document station a comapny's name, purpose, registered offices or premises, outhorized share capita, |
| articles of association | document stating the rules/regulations of company, setting out sherholders rights, directors duties |