According to North Cott ,“Book-keeping is an art of recording in books of accounts the monetary aspect of commercial or financial transactions”. It is mainly concerned with record keeping or maintenance of books of accounts.

Bookkeeping is mainly concerned with the recording of financial data. It involves the systematic and organized process of gathering, classifying, and recording financial transactions of a business. The recorded data provides a clear and accurate picture of the financial health and performance of the business.

**Recording Financial Data:**
Bookkeeping primarily focuses on recording financial data, which includes all the monetary transactions of a business. This involves the daily recording of sales, purchases, expenses, and receipts. These transactions are typically recorded in journals or accounting software, ensuring that all financial activities are properly documented.

**Organizing and Classifying Data:**
Bookkeeping also involves designing systems to organize and classify the recorded data. This step ensures that financial information is properly categorized, making it easier to analyze and interpret. For example, bookkeepers may use chart of accounts to categorize transactions into different accounts such as assets, liabilities, revenue, and expenses. This classification helps in generating accurate financial statements and reports.

**Summarizing Recorded Data:**
Bookkeeping also includes summarizing the recorded data to provide useful information for decision-making. This is done by preparing financial statements such as the income statement, balance sheet, and cash flow statement. These statements provide a clear overview of the business's financial position, profitability, and cash flow. By summarizing the data, bookkeeping enables business owners and managers to assess the financial performance and make informed decisions.

**Interpreting Data for Users:**
While bookkeeping is primarily concerned with recording financial data, it also plays a role in interpreting the data for internal and external users. Internal users, such as business owners and managers, rely on the recorded data to assess performance, identify trends, and make strategic decisions. External users, such as investors, creditors, and tax authorities, may also rely on the recorded data to evaluate the financial health and creditworthiness of the business.

Overall, bookkeeping is a fundamental aspect of financial management, as it provides the foundation for accurate and reliable financial reporting. By recording financial data, designing systems, and summarizing the recorded information, bookkeeping ensures that businesses have the necessary financial information to make informed decisions and comply with regulatory requirements.

A. Bookkeeping records financial data because of the money measurement concept.