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.