An Overview of Social Accounting in Sugar Industries

This article aims to investigate Social Accounting in the Indian context, emphasizing the Sugar Industry. Social accounting is concerned with the contribution made by a company to the betterment of society. It helps the community by providing different facilities through industry and to record them. Not just in business circles but also in development discussions, social accounting is becoming increasingly significant. As a result, it is increasingly becoming an inalienable part of the business strategy of entire successful corporations that take seriously the desire of consumers to purchase products from companies that have adopted the policy of social accounting, as well as the desire of investors to invest in corporations that are committed to social accounting, is becoming an inalienable part of the business strategy of success. This paper’s study involved reviewing a collection of different articles on the subject of social accounting. This paper describes the benefits of social accounting activity from sugar industries to the various segments of society, i.e., Farmers, employ of sugar industries, and community. The sugar industry is the second-largest agriculture and agro-industry in India, and India is the number one sugar producer globally. Sugar Industry also has many by-products in which one of the essential by-products is ethanol that blends with petrol. There are around fifty million sugarcane growers in the country, about forty-six million of them located in Uttar Pradesh alone. Information for this study was gathered from various sources, including research journals, articles, reports from the International