Do you agree or disagree with the following statements :

1) Accounting is useful only to the owner. – Disagree.

2) Book-keeping is an art, science and profession.- Agree.

3) Bills Payable is an asset of the business.- Disagree.

4) In Book-keeping and Accountancy only Non monetary transactions are recorded. Disagree.

5) Totalling of Journal or Ledger is called as casting.- Agree.