Do you agree or disagree with the following statement:

i. Accounting is useful only to the owner.

ii. Book-keeping is an art, science, and profession.

iii. Bills Payable is an asset of the business.

iv. In Book-keeping and Accountancy, only non-monetary transactions are recorded.

v. Totalling of Journal or Ledger is called casting.

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1 Answers

i. Disagree

ii. Agree

iii. Disagree

iv. Disagree

v. Agree

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