Could hepatitis be the cause of light colored stools?

Jaundiced? Jaundice with acholic (light colored stool) can be very serious stuff. Either there has been an acute liver insult (like hepatitis), or early liver failure is progressing. Cholestasis associated with jaundice may mean a blocked bile duct, altered blood flow to &/or away from the liver, or worsening liver disease. In all cases, you need medical attention soon & please avoid drinking any alcohol.