Question

Objectives of social accounting

Answer 1

Explanation:

Social accounting may be defined as identification and recording of business activities regarding social responsibility. Social responsibility concept is the one of the important concept of management . It is the duty of enterprise to do some social activities for completing their social responsibility .

Social accounting is very important tool to measure the performance of any company in view of social responsibility . Company has to make social responsibility income statement and balance sheet . But it is not compulsory to make these statements .