AMBA (Advanced Microcontroller based Bus Architecture) consists of AHB (Advanced High performance Bus), APB (Advanced Peripheral Bus), ASB (Advanced System Bus) and AXI (Advanced extensible Bus). This Paper proposes the debugging and analyses of system on chip (SoC) at various test conditions by verifying the functional aspects of the on-chip bus. Here we select an Advanced High performance bus (AHB), since the AHB bus signals are hard to examine as they are extremely embedded in the system on chip and there are no sufficient I/O pins to access these signals. Hence we embed a bus tracer in SoC to capture and compress the bus signals with different compression mechanisms. The tracer is successfully verified in FPGA SPARTAN 3E (XC3S500E). Tools used in this manuscript Modelsim for simulation and XILINX ISE II for RTL Synthesis.