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Share capital refers to the amount of money the owners of a company have invested in
the business as represented by common and/or preferred shares.

Short workings an excess amount by which the minimum rent is more than the actual

royalty.
FOR ONLINE READING ONLY
Social responsibility accounting is the process of communicating the social and
environmental effects of an organisation’s economic actions to particular interest groups
within the society and the government at large.
LANGUAGE EDITING
Source document is an original document evidencing the occurrence of a transaction
LANGUAGE EDITING
e.g., sales invoice or receipt, title deed, purchase order, bank statement, and cancelled
cheque. The source document contains important details that substantiate the financial
transactions that are entered into the internal accounting system of a business.

Statement of cash flows is one of the key financial statements that a business, especially
a company, is required to produce to show an overview of all cash flows. These include,
operating activities, financing activities, and investing activities. Through this, one can
be able to know the actual cash position of the business.

Sub-lease a lease of all or part of a rented property by a tenant to a third person.

Sum insured an amount of money paid by the insurance company to the policyholder in

the case of occurrence of an unpredictable insured event.

Super profit the excess of earned profit over the normal profit.

Suspense account is a general ledger account used for recording business transactions
temporarily for different reasons including, correction of bookkeeping errors or simply
being unsure of the type of account most appropriate to record those transactions.

Residual value is the estimated remaining value of asset after it has been fully depreciated.
It is also used to refer to the future value of a good at the end of lease. This value is also
known as salvage value or scrap value.

Royalty are legal binding payment made to the owner of an asset or property for the

ongoing use of their assets, mainly on copyrighted works, mineral resources, franchises,

and patent rights.

Student’s Book Form Five
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