The dielectric relaxation times $\tau_{jk}$'s and dipole moments $\mu_{jk}$'s of the binary ($j_{k}$) polar liquid mixture of N,N-dimethyl acetamide (DMA) and acetone (Ac) dissolved in benzene (i) are estimated from the measured real $\sigma_{ijk}^{'}$ and imaginary $\sigma_{ijk}^{''}$ parts of complex high frequency conductivity $\sigma_{ijk}^{*}$ of the solution for different weight fractions $w_{jk}$'s of 0.0, 0.3, 0.5, 0.7 and 1.0 mole fractions $x_{j}$ of Ac and temperatures (25, 30, 35 and 40°C) respectively under 9.88 GHz electric field. $\tau_{jk}$'s are obtained from the ratio of slopes of $\sigma_{ijk}^{''} - w_{jk}$ and $\sigma_{ijk}^{'} - w_{jk}$ curves at $w_{jk} \rightarrow 0$ as well as linear slope of $\sigma_{ijk}^{''} - \sigma_{ijk}^{'}$ curves of the existing method (Murthy et al, 1989) in order to eliminate polar-polar interaction in the latter case. The calculated 𝜏's are in excellent agreement with the reported 𝜏's due to Gopalakrishna's method. $\mu_{jk}$'s are also estimated from slopes 𝛽's of total conductivity $\sigma_{ijk} - w_{jk}$ curves at $w_{jk} \rightarrow 0$ and the values agree well with the reported 𝜇's from G.K. method. The variation of $\tau_{jk}$'s and $\mu_{jk}$'s with $x_{j}$ of Ac reveals that solute-solute molecular association occurs within $0.0-0.3x_{j}$ of Ac beyond which solute-solvent molecular association is predicted. The theoretical dipole moments $\mu_{\text{theo}}$'s are calculated from bond angles and bond moments to have exact 𝜇's only to show the presence of inductive, mesomeric and electromeric effects in the substituent polar groups. The thermodynamic energy parameters are estimated from ln($\tau_{jk}T$) against $1/T$ linear curve from Eyring's rate theory to know the molecular dynamics of the system and to establish the fact that the mixture obeys the Debye-Smyth relaxation mechanism.