Book - keeping is an art and science of recording transactions.
A
True
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B
False
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Solution
The correct option is A True Bookkeeping is the process of recording the financial transactions and then classifying in ledgers and preparing the trial balance.
Bookkeeping is known as both art and science. It is called as an art because it requires creativity, judgment and skills to record the transactions. It is also considered science because it is a systematic body of knowledge.