@kanejamison
Thanks a lot for a wonderful answer. I really appreciate your effort for a great long and satisfactory answer.
I have query for only 1st point i.e. When i click on admin section in property it is showing - "Universal Analytic Upgrade" below that it is showing "Transfer not started" (PFA ) and as you said "Click over to "Tracking Code" and see if it says analytics.js or ga.js. If it says ga.js, you'll need to do this manually and you haven't been auto-upgraded."
But when i click on tracking info it shows me following things -
Upgrade to Universal Analytics
Get more accurate data and access to new tools with Universal Analytics.
Learn more at the Universal Analytics Upgrade Center.
To start the upgrade, transfer a property to the Universal Analytics processing technology.
Click Universal Analytics Upgrade to start the process for this property.
Only users with edit permission can transfer a property. Each property must be transferred individually.
And at last it is showing -
This is your tracking code. Copy and paste it into the code of every page you want to track.
ORI simply click on Transfer which is showing me -Transfer to Universal Analytics
Click Transfer to transfer this property to the Universal Analytics processing technology. This is the only action you need to take to complete this step.
Google Analytics will take 24 - 48 hours to complete the transfer.
To ensure you continue to collect high quality data, don’t make any changes to your tracking code until the transfer is complete.
After the transfer is complete, any data you collect using the old tracking code (ga.js) will be processed using the Universal Analytics technology. To get all the benefits of Universal Analytics, implement the new tracking code (analytics.js).
Any data collected before the transfer will be saved, and will still be available in your reports.
Thanks!
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