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Q:

The Social Accounting system in India is classified into–

  • 1
    Assets, Liabilities and Debt Position
  • 2
    Public sector, Private Sector and Joint Sector
  • 3
    Income, Product and Expenditure
  • 4
    Enterprise, Households and Government
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  • Workspace

Answer : 3. "Income, Product and Expenditure"
Explanation :

Explain: -The Social Accounting system in India is classified into income, Product and Expenditure Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non-financial reporting or accounting) is the process of communicating the social and environmental effects of organizations.

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