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Social accounting, often referred to as social responsibility accounting, is a framework that extends the traditional accounting system to include the social and environmental impact of business operations. Unlike conventional financial accounting, which primarily focuses on profits, assets, and liabilities, social accounting emphasizes the accountability of a business towards its stakeholders, including employees, customers, suppliers, community, and the environment. It measures and reports not only the economic performance but also the social and ethical contributions or costs associated with business activities. The purpose of social accounting is to ensure that organizations operate in a socially responsible manner, promoting transparency and trust with stakeholders while aligning business strategies with societal well-being. Social accounting plays a critical role in modern business environments as companies face increasing scrutiny from consumers, __________ __________ ___ ________ _______ __________ _______ _________.
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