Convert sObject to JSON String and JSON String to sObject using Apex in Salesforce

Account acc = new Account(Name = 'Account Name', Phone = '8888888888', Industry = 'Agriculture');
//Code to convert Account to JSON string
String str = JSON.serialize(acc);
system.debug('Account JSON Data - ' + str);
//Code to convert JSON string to Account
Account acc1 = (Account)JSON.deserialize(str, Account.Class);
system.debug('Account Data - ' + acc1);