Bookkeeping

(Note that, as above, the adjustment to the inventory and cost of sales figures may be made at the year-end through an adjustment to the https://www.bookstime.com/articles/what-is-another-name-for-a-bookkeeper closing stock but has been illustrated below for completeness). The inventory (asset) of the business will increase by the $2,500 cost of the inventory and a trade payable (liability) […]

This way, you can balance your books and report your income accurately. Follow New York Times Books on Facebook and Twitter (@nytimesbooks), sign up for our newsletter or our literary calendar. A version of this list appears in the October 27, 2024 issue of The New York Times Book Review. Rankings on weekly lists reflect