Green or environmental accounting is a new concept of traditional accounting system. It refers to modification of the accounting system to incorporate the use or depletion of natural or environmental resources. Green accounting gives data which highlight both the contribution of environmental resources to economic development and the costs imposed by pollution or natural resource degradation. In recent years, environmental degradation and degeneration are reached its high level, because of air, water, land and sound pollution, soil erosion, deforestation, global warming etc. which leads to spoils human health, reduces economic productivity and loss of amenities. In the present scenario, environmental degradation or pollution has become major problem and environment safety issue become main concentration of almost all organizations or companies. To save and salvage the country, it is highly essential to make appropriate laws and policies in green accounting and implement the same without further loss of time. The purpose of the present paper is to study the basic concept of green accounting and analyze the available literature based on the green accounting.

KEYWORDS: Green Accounting, CSR, Environmental Degradation, Green GDP.