The term Social Cost Benefit Analysis (SCBA) was earlier used in project analysis but now it is very well used in the field of accounting. It is based on quantification of Social Cost and Social Benefits. This is very nearer to social accounting for an organization as Social Accounting is based on analysis of social costs and benefits. Social cost is the external cost which the society bears, rather than the owners of a firm. Likewise, social benefit is an external benefit which the society enjoys, rather than the owners of the firms. Thus, pollution is social cost which the society bears. On the other hand, expenditure on environmental improvement is a social benefit.

KEYWORDS: Social Cost Benefit Analysis, Social Accounting, Social Benefit, Social Cost.