Do you agree or disagree with the following statement:i. Accounting i

1.	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.
Answer» i. Disagree ii. Agree iii. Disagree iv. Disagree v. Agree

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.

Answer»

i. Disagree

ii. Agree

iii. Disagree

iv. Disagree

v. Agree