Social accounting is a way by which a company attempts to quantify the influence of its operations on society. It is a systematic examination of the organization's effects on its shareholders, with stakeholder input included in the data that is analyzed for the accounting statement. It includes tools and instructions for gathering, analyzing, and monitoring financial, social, and environmental data. The concept of "social accounting" refers to how an organization interacts with its social environment. Many companies are now disclosing information on their social performance in order to show their shareholders and the general public that they are ethical and moral. This study examines what social accounting is, where it came from, and where it is now in terms of development, as well as some key social accounting methods used in Indian businesses.

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Keywords: Social Accounting, CSR, Cost Benefit Analysis, Social Accounting Matrix.