Case Name :      Midnight Oil

Authors :           Elizabeth M.A. Grasby, Lindsay Brock

Source :             Ivey Publishing

Case ID :            905B13

Discipline :        Accounting

Case Length :    04 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

The owner and sole proprietor of a candle-making business wants to determine how profitable the business was in its second year of operations. This exercise focuses on transactions involved with fixed assets and manufacturing activities. Other business activities requiring transactions include sales, drawings and closing entries.