Kategori: Bookkeeping

In some businesses, the bookkeeper sometimes also acts as an accountant. However, your mileage may vary with this approach, as most people who are hired for bookkeeping positions do not have the qualifications to serve as accountants. While accountants usually… Read More

When inventory is purchased on credit, the Inventory account on the balance sheet increases, reflecting more assets, and the Accounts Payable account also increases, indicating a rise in liabilities. The accurate recording of inventory purchases is fundamental to effective inventory… Read More