Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive.

Capitalcan refer to funds raised to support a particular business or project.

Acash discountis a deduction allowed by the seller of goods or by the provider of services in order to motivate the customer to pay within a specified time.

Anaccounting transactionis a business event having a monetary impact on the financial statements of a business.

Inaccounting, a business or an organization and its owners are treated as two separately identifiable parties. This is called theentity concept.

Inaccounting, the convention ofconservatism, also known as the doctrine of prudence, is a policy of anticipating possible future losses but not future gains.

Themoney measurement conceptunderlines the fact that in accounting and economics generally, every recorded event or transaction ismeasuredin terms ofmoney, i.e., the localcurrency monetaryunit of measure.

In economics,goodsare materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

thank you sir....can you send of entity concept

Bookkeeping is a business transaction