Green Accounting has a short beginning in the late 1980s and is directly linked with environment sustainability. This paper is located within a broad body of literature concerned with environmental accounting and various green practices adopted by India in recent years. The main purpose of this paper is to analyze the available literature based on the Green Accounting (environmental accounting) and sustainability. Paper also focuses onhow companies and organizations incorporating the concept of green accounting in India. We have reviewed more than 50 papers relating to environmental accounting and it showed reduction in cost of production and appropriate decision-making leading to the preservation of environment. Moreover, study exhibits higher knowledge of environment leads to environmental concern which results in adoption of Green Accounting.

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Keywords: Green Accounting, Sustainable Development, Green Practices, Environmental Knowledge.