The different social assets purchased will be shown in the asset side of the company’s
balance sheet, while the social liabilities borne will be placed in the liability side of the
balance sheet.
It is important to mention that the social income and expenditure statement should be
prepared before the final accounts, as the balancing figure of the social income and expenditure
statement will be placed in the profit and loss account. The other two tables can, however, be
prepared after the preparation of final accounts of the companies.