A tried and tested case that is used to explain the mechanics of accounting to learners in a very lucid manner. It can be adopted in the MBA module for understanding accounting principles. Apart from indulging into the accounting doctrines it helps in the preparation of the three basic financial statements for a manufacturing firm. The case covers transactions relating to depreciation, provision for doubtful debts, normal and abnormal losses, discounts (trade and cash), loan repayment including interest calculations, dividends, provision for tax, advance tax including TDS. The case can be used to explain the concept of cost of raw materials consumed, cost of goods manufactured and cost of goods sold separately. The case has been tested in an examination setting (450 participants; 3 hours duration).