
Concept Introduction:
Triple bottom line: A triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are known as people, planet and profits.
The people planet and profits can be defined as –
1. People: when social factors are involved in the dimensions of the performance, that dimension is referred as “People”.
2. Planet: when environmental factors are involved in the dimensions of the performance, that dimension is referred as “Planet”.
3. Profits: when financial factors are involved in the dimensions of the performance, that dimension is referred as “Profits”.
To indicate:
The given items as people, planet or profits.

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Chapter 18 Solutions
Loose Leaf for Fundamental Accounting Principles
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