TREASURER Definition

TREASURER is the officer appointed to administer or manage the financial assets and liabilities of a society, company, local authority, or other body.

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NET ASSETS is the difference between total assets and current liabilities including non-capitalized long-term liabilities.

ZERO-RATED SALES is when a sale is taxable at the rate of 0%, i.e. no sales tax. Some examples could be: basic groceries, prescription drugs or certain medical devices.

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