Hi Shashi ,
Hope the below link explains helps you in clearing YOUR doubt.
Use of log(optional):
Optional) Causes an informational logging message about the packet that matches the entry to be sent to the console. (The level of messages logged to the console is controlled by the logging console command.)
The message includes the access list number, whether the packet was permitted or denied; the protocol, whether it was TCP, UDP, ICMP or a number; and, if appropriate, the source and destination addresses and source and destination port numbers. The message is generated for the first packet that matches, and then at 5-minute intervals, including the number of packets permitted or denied in the prior 5-minute interval.
The logging facility might drop some logging message packets if there are too many to be handled or if there is more than one logging message to be handled in 1 second. This behavior prevents the router from crashing due to too many logging packets. Therefore, the logging facility should not be used as a billing tool or an accurate source of the number of matches to an access list.
http://www.cisco.com/univercd/cc/td/doc/product/software/ios120/12cgcr/np1_r/1rprt2/1rip.htm#wp1017448
Thanks,
Satish