Environmental Accounting

ACCOUNTING

Concept of Environmental Accounting and Practice in India
Every business has an overriding responsibility to make the fullest possible use of its resources both human and material. An enterprise is a corporate citizen. Like a citizen it is esteemed and judged by its actions in relation to the community of which it is a member as well as by its economic performance. As far as Indian corporate sector is concerned it is sad, but true that
Dr. Mukesh Chauhan

ductivity and leads to loss of amenities. The developing countries like India are facing the twin problem of protecting the environment and promoting economic development. A tradeoff between environmental protection and development is required. A careful assessment of the benefits and costs of environmental damages is necessary to find the

(The author is a Lecturer in Commerce at Mahatma Gandhi, Govt. Arts College, Mahe (Pondicherry). He can be reached at mukesh_ garima@Yahoo. com)

For India, both ‘Environment Protection’ and Economic Development’ are the matters of great importance. However, some sort of tradeoff is needed between the two. For this purpose, Environmental Accounting is required to measure the environmental impact of economic activities by corporate sector. A standard system of this type of accounting is still evolving in India. The article provides an insight into the concept in the Indian perspective.

it has not been performing as a good citizen that’s why there are so many laws that have been laid down and further amended from time to time as and when required to bound the corporate sector to fulfil their social responsibility for better development of Indian Economy. Responsibility towards environment has become one of the most crucial areas of social responsibility. Recent years have witnessed rising concern for environmental degradation, which is taking place mainly in the form of pollution of various types, viz. air, water, sound, soil erosion, deforestation, etc.... [continues]

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