Q. What do you mean by Accounting / Book Keeping?

Traditionally, accounting is defined as an Art of summarising all the finance related transaction in such a way, that it gives you a clear and transparent view of your business. However, it is more than just art. Accounting in the modern world is known the base for the most crucial decisions of the business.
Business is for earning profits. But, you will have to measure that as well. If you don’t measure the profits, then you will never be able to make a proper decision, and that could ruin your business.