1. The document discusses the relationship between accounting and society and ethics. It mentions how accounting records the financial transactions of businesses and reflects social and ethical issues. 2. It states that the type of industry and location of a business can impact community health and well-being. Businesses have to pay taxes on income according to government policies and record transactions and expenses related to this. 3. It also notes that businesses aim to use safe production methods to minimize environmental pollution and waste, and properly dispose of waste. They have to allocate funds for these activities and record related expenses in their accounting.