Green accounting is a new system in accounting that records the costs and benefits provided by the ecosystem for a business concern. Green accounting or environmental accounting is a new challenge of accounting system. Environmental resources are invaluable natural resources of a county like India there is an urgent need to maintain accounts of such resources. Economic development without environmental considerations brings about environmental crises and damages the quality of everyday life. Environmental issues have motivated the development of a distinctive branch of accounting called, “Green accounting''. Implementing Green accounting is one of the key areas of corporate social responsibility today. In their business activities, companies incorporate the concept of the environmental element. This paper presents a simple framework regarding green accounting. The present paper aims to study the objectives, benefits as well as limitations of green accounting. The paper also provides insights regarding green accounting in India. Dr. Sumit Trivedi "Green Accounting in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47534.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47534/green-accounting-in-india/dr-sumit-trivedi
International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 6, September-October 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD47534 | Volume – 5 | Issue – 6 | Sep-Oct 2021
Page 899
Green Accounting in India
Dr. Sumit Trivedi
Assistant Professor, Choithram College of Professional Studies, Madhya Pradesh, India
ABSTRACT
Green accounting is a new system in accounting that records the costs
and benefits provided by the ecosystem for a business concern. Green
accounting or environmental accounting is a new challenge of
accounting system. Environmental resources are invaluable natural
resources of a county like India; there is an urgent need to maintain
accounts of such resources. Economic development without
environmental considerations brings about environmental crises and
damages the quality of everyday life. Environmental issues have
motivated the development of a distinctive branch of accounting
called, “Green accounting’’. Implementing Green accounting is one
of the key areas of corporate social responsibility today. In their
business activities, companies incorporate the concept of the
environmental element. This paper presents a simple framework
regarding green accounting. The present paper aims to study the
objectives, benefits as well as limitations of green accounting. The
paper also provides insights regarding green accounting in India.
KEYWORDS: Green Accounting, Ecological Balance, Environmental
Resources, Accounting principles
How to cite this paper: Dr. Sumit
Trivedi "Green Accounting in India"
Published
in
International
Journal of Trend in
Scientific Research
and Development
(ijtsrd),
ISSN:
2456-6470,
Volume-5 | Issue-6,
October 2021, pp.899-901, URL:
www.ijtsrd.com/papers/ijtsrd47534.pdf
Copyright © 2021 by author (s) and
International Journal of Trend in
Scientific Research and Development
Journal. This is an
Open Access article
distributed under t