Question

Q.1 Answer in One Sentence:
1) What is Book-keeping ?
2) What is meant by Goods?
3) What is Capital?
4)What is Drawings?
5)What is Goodwill?
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Answer 1

$\huge \mathfrak \green {Answer}$

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1. Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.

2. Goods are materials that satisfy human wants and provide utility.

3. Capital is an input in the production function.

4. Drawings are the amounts taken by the owner of a business for his personal use in anticipation of profit.

5. The goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase.

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@MissCrazy