Social accounting system in India is classified into
Options:
A . Enterprise, households and government
B . Income, product and expenditure
C . Assets, liabilities and debt position
D . Public sector, Private sector and Joint sector
Answer: Option B Answer: (b) Social accounting is a method by which a firm seeks to place a value on the impact on society of its operations. It is a systematic analysis of the effects of the organisation on its shareholders, with stakeholder input as part of the data that are analysed for the accounting statement. One social accounting system primarily attempts to measure National Income, final product, consumption and accumulation of capital.
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