Question

What is natural resource accounting? 

Answer 1

Natural resource accounting is an accounting system that deals with stocks and stock changes of natural assets comprising of biota, sub soil assets water, soil with their natural ecosystem.

Answer 2

Natural Resource Accounting is a systematic process of analyzing and formulating the natural resource depletion. It is an accounting for natural resources similar to profit and loss i.e. harmful effect to the environment and natural resources versus the steps taken or benefits prevented from the human efforts to the environment. It gives the account of depletion of natural resources by a factory or mining or any other human activity.