You need to tell AdWords to link to your Analytics account, and it will automatically tag all your ad links. You then setup /asclick to be a goal. This will allow you to see which AdWord clicks results in AdSense clicks. See the AdWords help for more on tagging.
I have setup everythin right but conversions are not recording at all. could you please post astracker.js code here so that i can confirm i have right code?
Here's what I have (astracker.js exists in root of my domain): <script src="http://www.google-analytics.com/urchin.js" type="text/javascript"> </script> <script type="text/javascript"> _uacct = "UA-******-*"; urchinTracker(); </script> <script src="/astracker.js" type="text/javascript"> </script> Code (markup):