Q. State giving reasons in brief, whether each of the following statement is 'TRUE' or 'FALSE': 1. Book Keeping and Accounting are synonymous terms. 2. Accounting, as a language, is used to communicate financial information to Government only. 3. Accounts help in determining the tax liability. 4. Accounting is only an art and not a science. 5. Accounting information can be presented for non-monetary events also. 6. Revenue is recognised at the point where cash is received in case of accural basis of accounting