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VOL. 11, ISSUE 10 (2024)
Green accounting in India: A conceptual framework
Authors
Rakhi Kumari
Abstract
Green accounting, known as environmental accounting, is a contemporary
idea that involves the inclusion of environmental assets and resources in
company financial statements. Environmental accounting aims to expand
accounting frameworks beyond traditional measures of economic performance by
capturing assets not typically recorded in financial statements. These
deficiencies arise when the different expenses associated with exploiting the
environment are not accounted for, often being seen as external factors that
can be shifted onto others or delayed. Besides traditional accounting for
tangible expenses like materials, labor, and energy, green accounting also aims
to include intangible factors such as pollution costs, social effects, and the
benefits derived from innovative technology. Accountants may find it difficult,
though not impossible, to quantify the "soft" costs.
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Pages:46-48
How to cite this article:
Rakhi Kumari "Green accounting in India: A conceptual framework". International Journal of Multidisciplinary Research and Development, Vol 11, Issue 10, 2024, Pages 46-48
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