Product details

Product details
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Abstract

The case study, 'Rohit's Journalizing Dilemma' is about Sapphire Private Limited (Sapphire), a self-assembly furniture manufacturer known for its standardized and customized wooden and steel furniture. Rohit, an assistant accountant at Sapphire, faced a challenge in journalizing the transactions during his first assignment and this prompted him to seek guidance. The case highlights various scenarios requiring accounting treatment, including trade discounts, cash discounts, bad debts, donations, stolen goods, damaged inventory, capital expenditure on new outlets, and managing sample goods. The case study helps the students understand real-world applications of accounting concepts. It also guides them in understanding and applying accounting principles to address diverse transactions. The case encourages critical thinking, the application of accounting concepts, and the development of problem-solving skills.

Time period

The events covered by this case took place in 2022-2022.

Geographical setting

Region:
Asia

Featured company

Sapphire Private Limited
Employees:
51-200
Type:
Self-owned

Featured protagonists

  • Girish T Kumar (male), Accounting Department Head
  • Rohit (male), Assistant Accountant

About

Abstract

The case study, 'Rohit's Journalizing Dilemma' is about Sapphire Private Limited (Sapphire), a self-assembly furniture manufacturer known for its standardized and customized wooden and steel furniture. Rohit, an assistant accountant at Sapphire, faced a challenge in journalizing the transactions during his first assignment and this prompted him to seek guidance. The case highlights various scenarios requiring accounting treatment, including trade discounts, cash discounts, bad debts, donations, stolen goods, damaged inventory, capital expenditure on new outlets, and managing sample goods. The case study helps the students understand real-world applications of accounting concepts. It also guides them in understanding and applying accounting principles to address diverse transactions. The case encourages critical thinking, the application of accounting concepts, and the development of problem-solving skills.

Settings

Time period

The events covered by this case took place in 2022-2022.

Geographical setting

Region:
Asia

Featured company

Sapphire Private Limited
Employees:
51-200
Type:
Self-owned

Featured protagonists

  • Girish T Kumar (male), Accounting Department Head
  • Rohit (male), Assistant Accountant

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