A STUDY ON ENVIRONMENTAL ACCOUNTING WITH REFERENCE TO MANUFACTURING INDUSTRIES IN INDIA

Abstract

Our Vedas says environment should be respected as parent and should be loved as children, But in last few decade we can feel that environment is hampered and harmed at high degrees. Due to continuous rise in population deforestation is done to provide shelter which leads to green house effect and consequently ozone layer depletion. Manufacturing industries throw their waste in the rivers and ocean which pollutes water and those gases which are released by them are polluting the air. To develop industries the concerns need raw material which is provided by the environment. Many laws has been made to protect the environment but there is no such accounting system prepared which can calculate the how much goods and services are taken from the environment and how much is returned back. This research deals with the scope, challenges and prospects of environmental accounting.