Reset MySQL incase of LOST of Password

In case of MySQL password LOST...

(1)service mysql stop
# wait until MySQL shuts down. Then run

(2)mysqld_safe --skip-grant-tables &
# then you will be able to login as root with no password.

(3)mysql -uroot mysql
# In MySQL command line prompt issue the following command:

(4)
UPDATE user SET password=PASSWORD("abcd") WHERE user="root";
FLUSH PRIVILEGES;
# At this time your root password is reset to "abcd" and MySQL will now
know the privileges and you'll be able to login with your new password:

(5)mysql -uroot -pabcd mysql