This statement is True.
Book-keeping is also considered as an art of recording business transactions because the writing of accounts in a specific style and format requires education, knowledge, training, skill, and experience. From another point of view, Book-keeping is a continuous process of collecting, analyzing, classifying, summarising, and recording the different types of business transactions. In brief, bookkeeping may be defined as “A science as well as an art of collecting, analyzing, classifying, summarising and recording all types of business transactions in a significant manner and in terms of money in a separate set of books.”