Social Business Accounting Equation

Author Topic: Social Business Accounting Equation  (Read 239 times)

Offline fahmidaemran

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Social Business Accounting Equation
« on: January 29, 2018, 04:03:30 PM »
Social Business Accounting Equation:

Assets = Liabilities+ Owner's Capital+ Social Welfare Fund

Here, The concept and definition of Assets, Liabilities and Owner's capital are same as it is but the concept of Social Welfare Fund is new which is the accumulated profit of social business to be used to run the business with a view to improve social welfare. It is to mention that, from a social business no owner can take any portion of profit as dividend but he can get back his invested money which is here known as " Owner's Capital" after achieving his business objective and then the business will be continued with social welfare fund.

[Collected]
Best Regards,
Fahmida Emran
Lecturer,
Department of Business Administration
Faculty of Business & Economics
Daffodil International University

Offline kamruzzaman.bba

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Re: Social Business Accounting Equation
« Reply #1 on: May 03, 2018, 05:46:39 PM »
Thanks for Introducing Social Business Accounting Equation.

Md. Kamruzzaman Didar
Assistant Professor & Head
Department of Innovation and Entrepreneurship
Faculty of Business & Entrepreneurship

Offline tasnim.eee

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Re: Social Business Accounting Equation
« Reply #2 on: May 09, 2018, 04:26:27 PM »
Thank you for sharing such important information.