The case study is about recording of business entries and transactions in various forms like T-accounts, trial balance, profit and loss statement and Balance sheet. It depicts how the transactions are recorded following accounting principles of the country. Each form of statement records entry in a different way but in the end helps a company keep order of its transactions, the capital involved, its remaining dues to creditors, the debtors and reflects the profit earned by the company in a financial term. These statements are also evaluated by shareholders to check the financial status of the company and form decision to invest. The study also does a ratio analysis and compares with competitors to reflect the standing of the company on various parameters to the competitors.
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