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Social accounting is an extension of traditional accounting that focuses on measuring and reporting the social and environmental effects of a company’s activities in addition to its economic performance. It involves evaluating the impact of business operations on society, including employees, consumers, the community, and the environment. The purpose of social accounting is to ensure that a business remains accountable to all its stakeholders, not just shareholders, by disclosing information related to social welfare, ethical practices, and sustainable development. It recognizes that the success of a business should ___ _______ _______ ___ ______ ______ ________ _______ ________ _________ _______ ________.
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