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Social Responsibility Accounting:
Social responsibility accounting is a modern phase in the development of accounting and owes its birth to rising social awareness that has been mainly noticeable over the last two decades or accordingly. Social responsibility accounting widens the scope of accounting through considering the social results of business decisions; additionally to the economic consequences. Numerous social scientists, social workers and statesmen in the whole world have been drawing the attention of their the people and governments in their countries to the dangers posed to ecology and environment through the unbridled industrial development. The task of business in society is increasingly coming in greater scrutiny. A management is being held responsible not merely for efficient ways of business as illustrated in profitability, although also for what this contributes to social fine being and progress. There is a growing feeling as the ideas of growth and profit like measured in traditional income statements and balance sheets are as well narrow to reflect the social duty aspects of a business.
Debenture holder are those who gives long term loan at specific interest rate in term of cas. Creditor gives only short term credit in term of cash for purchasing of goods.
What is Discounts received?
Function and scope of the Accounting Standards Board: The major function of ASB is to originate accounting standards so that the Council of the Institute in India may set up su
Genentech, Inc. is a California-based biotech pioneer recently acquired by Swiss pharmaceutical giant Roche Holding AG. Roche paid $46.8 billion in cash for the 44 percent of Gen
The book of Deven Verma could not be tallied. The account transferred the difference of Rs. 1.270 in the suspense account on the debit side. the following mistakes were found later
Q. What is Managerial accounting information? A Managerial accounting information is for internal use and provides special information for the managers of a company. The inform
Q. Show Advantages and disadvantages of weighted-average? Advantages and disadvantages of weighted-average when a company utilizes the weighted average method and prices are ri
Fund flow deals with transaction within financial year (One year) while Cash flow Statement record only the cash transaction.
1) A) Suppose Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000. Assu
Ask 1. What is the organization that is responsible for setting International Financial Reporting Standards? 2. What is the main company that Professor Levine uses for illustratio
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