Question

9. Why communication of Accounting information to creditors is necessary ?
What is social responsibility Accounting ?​

Answer 1

Answer:

Creditors – Creditors are interested in accounting information, because it enables them to determine the credit worthiness of the business. The credit terms and standards are set on the basis of the financial health of a business, so, it helps them to analyze by using the accurate information accordingly.

Social responsibility accounting is concerned with. the development of measurement systems to monitor social performances. It is a rational. assessment of and reporting on some meaningful domain of business organisations‟ activities. that have social impact.

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Answer 2

Answer:

1)for knowing the situation at the place

2)it is concerned with the development of measurements systems to monitor of social performance