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?
Answers
Answer:
•What is Bookkeeping? Bookkeeping involves the recording, on a regular basis, of a company's financial transactions. This guide will. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
•In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.
•the city or town that functions as the seat of government and administrative centre of a country or region.
•Drawing is a form of visual art in which an artist uses instruments to mark paper or other two-dimensional surface. Drawing instruments include graphite pencils, pen and ink, various kinds of paints, inked brushes, colored pencils, crayons, charcoal, chalk, pastels, erasers, markers, styluses, and metals.
•Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable.
1) Bookkeeping involves the recording, on a regular basis, of a company's financial transactions. This guide will. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
2) The term Goods refers to merchandise, commodities, articles, or things in which a trader trades.
3) Capital is a term for financial assets, such as funds held in deposit accounts and/or funds obtained from special financing sources. Capital can be held through financial assets or raised from debt or equity financing.
4) Drawing, the art or technique of producing images on a surface, usually paper, by means of marks, usually of ink, graphite, chalk, charcoal, or crayon.
5) Goodwill is an intangible asset that is associated with the purchase of one company by another. The value of a company's brand name, solid customer base, good customer relations, good employee relations, and proprietary technology represent some reasons why goodwill exists.