Which of the Following Is an Accounting Framework That That

question 95

Multiple Choice

Which of the following is an accounting framework that that not only includes financial information but also accounts for environmental and social impacts?

• A) social engineering
• B) organic reporting
• C) green accounting
• D) triple bottom line

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Definitions:

Overdrawn Bank Balance

This occurs when withdrawals from a bank account exceed the available balance, resulting in a negative balance.

Journal Entry

A record in the books of accounts that represents a business transaction and its effect on the company's financial position.

Accounts

Financial records of a company's transactions, maintaining detailed information about revenue, expenses, assets, liabilities, and equity.

Dividends Declared

Profits that a company's board of directors has decided to distribute to its shareholders, usually in the form of cash payments or additional shares.