Considering the great diversity in social disclosure practice of Indian companies, a model
is suggested below which would disclose the social responsibility discharged, the social damage
caused and the net income earned or net expenditure incurred while rendering social services
(Tables 1-3). The model is divided into three parts, namely: (1) Statement showing social
responsibility discharged; (2) Statement showing social damage caused; and (3) Social income
and expenditure statement.