What is Triple bottom line principles? How to apply triplebottom line principles in work...

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What is Triple bottom line principles? How to apply triplebottom line principles in work planning(in Australian Accountingenvironment) (Please type your answer)

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The triple bottom line which is otherwise known as the TBL or 3BL is an accounting framework with three parts 1Social 2Environmental 3Ecological and financial Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value In traditional business accounting and common usage the bottom line refers to either the profit or loss which is usually recorded at the very bottom line on a statement of revenue and expensesAn example of an organization seeking a triple bottom line would be a social enterprise run as a nonprofit but earning See Answer

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In: AccountingWhat is Triple bottom line principles? How to apply triplebottom line principles in work planning(in...What is Triple bottom line principles? How to apply triplebottom line principles in work planning(in Australian Accountingenvironment) (Please type your answer)