PROJECT REPORT

ON
“EXPLORING LAMBORGHINI’S INNOVATIVE APPROACH TO
MARKETING TACTICS”
in partial fulfilment of the requirements for the examination of
Bachelor of Business Administrations
(5th SEMESTER)
Department of Management
Affiliated with Guru Gobind Singh Indraprastha University (GGSIPU)
Sector 16-C, Dwarka, New Delhi

SUPERVISED BY: SUBMITTED BY:

MS. SHWETA AHUJA SAHIL KHANNA
ASSISTANT PROFESSOR ROLL NO: 06235101722
MERI BBA (2022-2025)
 DECLARATION

I hereby declare that this project report entitled “Exploring Lamborghini's

Innovative Approach to Marketing Tactics” was carried out by me for the degree
of BBA under the guidance and supervision of Ms. Shweta Ahuja, Teacher of
Summer Training Report, MERI College. The interpretations put forth are based
on my reading and understanding of the original texts and they are not published
anywhere in any form. The other books, articles and websites, which I have made
use of are acknowledged at the respective place in the text. This research report
is not submitted for any other degree or diploma in any other University.

(Signature of the Student)

Sahil Khanna
BBA- 5th Semester
(06235101722)
 Certificate

To whomsoever it may concern

This is to certify that the project titled “Exploring Lamborghini's Innovative

Approach to Marketing Tactics” submitted in partial fulfilment of the degree of
Bachelor of Business Administration (BBA) from Management Education and
Research Institute, New Delhi under my guidance and direction.

To the best of my knowledge, the data and information presented by her in the
project has not been submitted earlier.

Shweta Ahuja

(Internal Supervisor)
 ACKNOWLEDGEMENT
I have been very fortunate to get the opportunity to work on research project,
"Customer’s 'perception Towards Internet Banking." I hereby take this
opportunity to express my profound gratitude towards Guru Gobind Singh
Indraprastha University for giving me an opportunity to work on a valuable
project.
I would like to extend my deepest regards and gratefulness to Shweta Ahuja
my project guide who continuously guided me throughout the course of the
project. Monitoring and constant encouragement throughout the course of this
study made the successful completion of this project possible.

Signature of the student

Sahil khanna
BBA- 4th semester
(06235101722)
 Table of content

PARTICULARS PAGE NO.

Chapter – 1 (INTRODUCTION)

1.1 Introduction 6

1.2 Organization Profile

1.3 Terminologies

Chapter- II (LITERATURE REVIEW)

2.1 LITERATURE REVIEW 12

Chapter- III (RESEARCH METHODOLOGY) 29

3 Research methodology

3.1 Research objective

3.2 Signifcance of study

3.3Scope of Study

Chapter- IV (ANALYSIS AND INTERPRETATION) 31

4 ANALYSIS AND INTERPRETATION
Chapter- V ( FINDINGS AND CONCLUSION)
5.1 Findings 63
5.2 Conclusion 64
5.3Limitations 65
5.4Suggestions 66
Chapter- VI (ANNEXURE)
6 Bibliography 69
Annexure
 CHAPTER-1 (INTRODUCTION)

1.1 INTRODUCTION

Accounting, also known as accountancy, is the measurement, processing, and

communication of financial and non-financial information about economic entities

such as businesses and corporations. Accounting, which has been called the

"language of business”,measures the results of an organization's economic activities and

conveys this information to a variety of stakeholders, including investors, creditors,

management, and regulators. Practitioners of accounting are known as accountants. The

terms "accounting" and "financial reporting" are often used as synonyms.

Accounting can be divided into several fields including financial accounting, management

accounting, tax accounting and cost accounting Financial accounting focuses on the

reporting of an organization's financial information, including the preparation of financial

statements, to the external users of the information, such as investors, regulators and

suppliers. Management accounting focuses on the measurement, analysis and reporting of

information for internal use by management. The recording of financial transactions, so

that summaries of the financials may be presented in financial reports, is known as

bookkeeping, of which double-entry bookkeeping is the most common system. Accounting

information systems are designed to support accounting functions and related activities.

1.2 ORGANIZATION PROFILE

Organisation is working as chartered Accountants firm under the rules and regulation and

code of ethics designed for CA firms by ICAI (The institute of Chartered Accountants Of

India)
Deepak Satyanaryan Agrawal &co., is a Chartered Accountancy firm. Established in 1997,

they have a in-depth knowledge of financial matters. They are expert Financial professionals

who take care of the budgetin, auditing,taxing and business strategies for their clients.

Deepak Satyanaryan Agrawal & co.,has a clear vision for the future growth and development

of financial markets and sevices and researches to stay ahead of these trends and

developments.

Serving Area of firm:

To offer in full range of services to the clients in the following areas:

a) Audit & Assurance

b) Taxation Advisory

c) Business Management Consultancy

d) Internal Auditing

e) Accounts preparation

a) Audit & Assurance:To provide external audit & assurance service to firm client that

is required by different statutory bodies as compulsory for firm clients.

b) Taxation & advisory: In the changing global scenario, the Government of Bangladesh

is trying to be self-reliant by collection more revenue from its own sources that is leading

to extension of tax net of the country. In the situation, technical advisory service to the

clients to minimize tax burden complying all applicable rules and regulation.

7
c) Business Management Consultancy: Present business environment is getting

complicated due to multiple statutory obligations imposed upon by different authority. The

entrepreneurs themselves cannot deal all such factors through their in-house capacity. Long

experience to guide firm clients in the consultancy on the business management.

d) Internal Auditing :Internal auditing is the appraisal of effectiveness and efficiency of

internal control and compliance system of an organization. Through firm services in the

field of internal audit, help identify the risks involved in the achievement of the

organizational goal.

f) Accounts preparation :Facilitate firm clients by providing professional staff to prepare

accounts of an entity in the compliance of all applicable accounting standard and laws of

the state

1.3 Terminologies

Account: A record that holds the results of financial transactions related to the entity the account

refers to.

Accounting: The process of recording, managing, measuring, evaluating and reporting an

entity’s financial information

Accounts Payable: Accounting definition of amounts that are due from your business to creditors

in the short term

Accounts Receivable: Amounts that are due to your business from your customers, generally in the

short term

8
Audit: The result of an independent professional accountant examining the financial

statements to determine fairness and compliance with generally accepted accounting

principles (GAAP).

Balance Sheet: An important financial statement that lists the total assets and the total

liabilities of an entity in an itemized form.

Current Assets: The assets of a company that are usually converted to cash, sold, or used

in the short term such as cash, accounts receivable, short-term investments and inventory.

Current Liabilities: Liabilities that are expected to be paid within one year of the balance

sheet date.

Fixed Assets: The permanent assets of a company that will not be converted into cash

during the next year such as the land, building, equipment and furniture.

Fixed Cost: The fixed operating expenses required for the necessities with no relation to

the volume of production and sales such as rent, property taxes, and interest.

General Journal: (GJ) A book or original entry in a double-entry system that includes all

transactions except those in specialized journals such as cash receipts, cash disbursements,

and other common transactions.

General Ledger: (GL) A book in which financial transactions are posted (in the form of

debits and credits) from a journal. It is the primary record from which financial statements

are prepared.

Gross Profit: The amount by which the net sales exceed the cost of goods sold.

9
Gross Sales: The total recorded sales before deducting any sales discounts or sales returns

and allowances.

Journal: A book or original entry used in a double-entry bookkeeping system with details

of all transactions and the accounts to which they are posted.

Journal Entry: A transaction record where debits equal credits.

Profit and Loss Statement: Also known as an Income Statement, or P & L. A financial

statement that details the revenues and expenses for a specific period of time.

Trial Balance: The trial listing of all account balances to check if total debits equal total

credits.

10
 CHAPTER-2

Literature Review: Study of Accounting TALLY ERP-9

Tally ERP-9 is a widely adopted accounting software in India, known for its simplicity and robust
features. It has evolved significantly since its inception, becoming a go-to tool for businesses of all
sizes. This literature review examines various academic and industry perspectives on Tally ERP-9, its
functionality, and its application in financial accounting.

1. Evolution of Accounting Software and Tally ERP-9

Accounting software has transitioned from manual processes to automated systems, helping businesses
maintain accuracy and efficiency in financial operations. According to Sharma (2018), the emergence
of ERP systems like Tally ERP-9 revolutionized accounting by integrating various business functions
such as sales, inventory, payroll, and taxation. Tally ERP-9's ability to centralize these operations has
made it particularly useful for small and medium enterprises (SMEs), which need comprehensive yet
affordable solutions for their financial needs.

In a study by Patil (2020), it was noted that Tally’s regular updates and adaptability to Indian tax
regulations, such as the Goods and Services Tax (GST), have made it an essential tool for businesses
operating in India. The software’s relevance in managing financial data, legal compliance, and auditing
was emphasized as crucial factors in its widespread use.

2. Core Features of Tally ERP-9

According to Raghunandan and Rao (2019), Tally ERP-9 has several powerful modules that cater to
financial accounting, inventory management, and statutory compliance. Its double-entry accounting
system simplifies the accounting process for users, offering functions such as:

• General ledger

• Accounts payable and receivable

• Balance sheets

• Profit and loss statements

• Bank reconciliation

The software's Inventory Management feature is particularly beneficial for businesses dealing with
goods and products. Studies like those conducted by Desai and Gupta (2017) have highlighted how

11
 Tally ERP-9 allows users to manage stock levels, track orders, and maintain detailed reports on stock
movement, thus ensuring better control over business operations.

3. Tally ERP-9 and GST Compliance

One of the most significant upgrades to Tally ERP-9 was the inclusion of GST compliance features.
Jain (2019) explored the importance of Tally in helping businesses navigate the complexities of the
GST regime, which was introduced in India in 2017. Tally ERP-9 simplifies the process of calculating
tax liabilities, generating GST invoices, and filing returns, which reduces the workload for accounting
professionals and business owners.

Further, Kumar and Sinha (2020) argue that Tally’s built-in GST modules have streamlined indirect
tax compliance, making it easier for businesses to avoid legal complications. The software allows users
to handle both CGST (Central GST) and SGST (State GST), along with features like GST reporting
and reconciliation.

4. Adoption of Tally ERP-9 by SMEs

Small and Medium Enterprises (SMEs) have been among the earliest adopters of Tally ERP-9, largely
due to its user-friendly interface and affordability. Shah (2018) examined how SMEs in India rely on
Tally ERP-9 for their accounting needs, noting that the software’s scalability and ability to handle
growing business demands make it a preferred choice. The study suggested that for businesses with
limited resources, Tally ERP-9 provides a cost-effective way to manage various financial and
operational tasks.

Similarly, a report by Saxena (2021) concluded that Tally ERP-9’s ability to support multi-location
operations and remote access features helped SMEs, especially in rural areas, to manage their
businesses efficiently, even during the COVID-19 pandemic when many businesses had to shift to
remote work environments.

5. Comparison with Other Accounting Software

Studies like Bhaskar (2021) have compared Tally ERP-9 with other popular accounting software like
QuickBooks, SAP, and Zoho Books. According to this study, while SAP and QuickBooks provide more
advanced features suitable for larger enterprises, Tally ERP-9 holds a competitive advantage in terms of
simplicity and ease of use. Tally’s ability to integrate with Indian banking systems and provide real-time
GST solutions was highlighted as a key differentiator, making it more suitable for the Indian market.

However, Mehta and Sharma (2018) pointed out that while Tally ERP-9 is highly efficient for
businesses operating within India, it faces limitations in international markets, particularly due to the
lack of multi-currency support and localization features.

12
6. Challenges in Using Tally ERP-9

Despite its many advantages, several studies have highlighted the challenges users face with Tally
ERP-9. According to Ahuja (2020), the lack of advanced analytics and reporting tools in Tally ERP-9
can be a limitation for businesses seeking more detailed financial insights. While the software is strong
in basic accounting functions, it lacks the customization and scalability options that more expensive
ERP systems offer.

Nair (2019) also emphasized the software’s limited cloud integration features, which restrict its use in
businesses looking for more flexible, cloud-based solutions. Additionally, Tally ERP-9 users often
report that while the software is easy to use, the learning curve for more advanced features such as
payroll and tax configurations can be steep, requiring additional training and support.

7. Future Trends and Upgrades

The future of Tally ERP-9 lies in its continuous evolution to meet the demands of modern businesses.
Kapoor (2022) predicts that future updates will likely focus on cloud integration, enhanced analytics,
and better user customization options, which are increasingly being demanded by businesses. Moreover,
with the rise of automation and AI in accounting, Tally may explore integrating these technologies to
offer more advanced financial management capabilities.

10. Research methodology

Research methodology is a way of explaining how a researcher intends to carry out their

research. It’s a logical, systematic plan to resolve a research problem. A methodology details

a researcher’s approach to the research to ensure reliable, valid results that address their aims

and objectives. It encompasses what data they’re going to collect and where from, as well as

how it’s being collected and analyzed.

Sources of Information:

1. Primary source provide raw information and first-hand evidence. Examples include

interview transcripts, statistical data, and works of art. Primary research gives you

direct access to the subject of your research.The primary information has been

collected from first-hand data gathered from structured questionnaire and data

available in office i.e documents.

13
 2. Secondary source provide second-hand information and commentary from other

researchers. Examples include journal articles, reviews, and academic books. Thus,

secondary research describes, interprets, or synthesizes primary sourceshe secondary

information collected from website, books and some other relevant sources.

Both primary and secondary data sources has been used to generate this report through

exploratory research.

4. Research OBJECTIVES
• To improve communication skills.

• To analyze the business situation.

• To learn book keeping practices of different companies.

• To apply the theoretical knowledge in actual organization. To compare practical

aspects with theoretical aspects.

• To get exposure to do a work in an organization and also known about

organizational behavior, ethical rules and regulations.

5. SCOPE OF Study

• To provide consultancy and accounting services as per the procedures & rules

Described in companies Act 1956.

• Changes required to be incorporated for preparation of final accounts as per the

Companies Act and the guidelines of ICAI required to be followed.

14
 • Ensuring the day to day accounting transactions of payments, receipts, sales and

purchases, other miscellaneous expenses and inventory accounting are entered in

SAP on daily basis. Working knowledge with regards to basic data entry, report

generation in SAP environment are essential.

• Preparation, maintenance and updating of Fixed Assets Register as per the Standard

Accounting Bench marks.

• To generate monthly trial balance including priced stores ledger, funds flow

statement and final accounts (profit and loss account, Balance Sheet quarterly, Half

Yearly and annual final accounts) along with necessary schedules as required by the

Internal Audit, Statutory Audit, Tax Audit and as per Corporate Office

Guidelines.

• Preparation, maintenance and updating of Fixed Assets Register as per the Standard

accounting bench marks.

6.Need of the study:

It Helps in Evaluating the Performance of Business

Your financial records reflect the results of operations as well as the financial position of

your small business or corporation. In other words, they help you understand what's going

on with your business financially. Not only will clean and up to date records help you keep

track of expenses, gross margin, and possible debt, but it will help you compare your

current data with the previous accounting records and allocate your budget appropriately.

15
It Ensures Statutory Compliance Laws and regulations vary from state to atate, but proper

accounting systems an processes will help you ensure statutory compliance when it comes

to your business.

It Helps to Create Budget and Future Projections.

Budgeting and future projections can make or break a business, and your financial records

will play a crucial role when it comes to it business trends and projections are based on

historical financial data to keep your operations profitable.

This financial data is most appropriate when provided by well- structured accounting

processes.

It Helps in Filing Financial Statements.

Businesses are required to file the financial statements with the Registrar of Companies

Listed entities are required to file them with stock exchanges, as well as for direct and

indirect tax filing purposes, Needless to say, accounting plays a critical role in all these

scenarios

7. CONTRIBUTION DURING SIP

Learning

I have tried my best to enhance my abilities and apply the knowledge that I gained during

the studies. Studies computerized accounting in tally software .

16
Different task that I performed during my internship:

1. Vouching

2. Preparing books of accounts in tally

3. Voucher Entry

Software used during internship:

➤ MS office

➤ Tally software

First week:

• Introduction about the CA firm.

• Introduced about the working of the firm and services offered by them.

• Explained the basic accounting practices.

Second week:

• Study of documentation of clients.

• Data analysis of various companies.

• Checking of missing balance amount.

Third week:

• Introduction to Tally software.

• Creating of Journal.

• Creating of ledger.

Fourth week:

• Creating of voucher
17
 • Creating Debit note entry and credit note entry.

Fifth & Sixth week

• Theoretical overview of Auditing

• Overview of Vouching

8.Data Interpretation and Analysis

Introduction To Tally Software

Tally ERP 9 is a powerful accounting program that integrates with a variety of other

corporate systems, including sales, purchasing, inventory, finance, payroll and more.

Many businesses now use Tally to save time and perform accurate calculations that assist

them in creating seamless commercial transactions.

Tally. ERP 9 is a perfect business management solution and GST software with an ideal

combination of function, control, and in-built customisability.

Associations on the new importance of Tally accounting software in the business world are

calling for faster and simpler uses of Tally ERP 9 software. Advantages of Tally ERP 9

program provides viable responses to its bookkeeping questions, associations find it more

pleasant and profitable.

Update: TallyPrime is the latest version of Tally.

Features:

1. It has a unique voucher passage mechanism that calms a variety of exchanges.

2. After calculation completion, the customer will get an interest survey.

18
 3. It provides a solo record of several documents.

4. The commodity enables the customer to comply with the accounts exchange or

nonexchange.

5. The customer can monitor updates and calm changes with the help of this
component.

6. It allows associations to distribute payments for applications and late applications.

Advantages of Tally

• Depending upon the needs of the small or large business groups alongside, its
different features make it a very useful software. It helps you to take your decisions

easily with its wide range of features.

• You can remote access your account with the help of Tally.NET.

• With various language support, it is convenient for a user to use it in his own
language.

• In the latest version, if your operating system suddenly shuts down, your data won’t
be lost.

• In the past year, people used to manage their accounts manually; all the complex
calculations were done manually, which had a high risk of error. But, as we now use

Tally it’s pretty simple and easy to use and comes with less risk of errors.

• As it has numerous functions performing various tasks is made simple due to this
software. Especially in the case of GST.

19
 Disadvantages of Tally

• Retrieving the data after forgetting the user ID and password is a bit difficult.

Fewer, data security is also one of the disadvantages.

• It is complex software for beginners to use. It lacks back office support for users

who find some trouble using it.

• Backing up your data is also one of the issues users face while working with

Tally. You have to manually back up your data at someplace. It won’t do the

backing up by itself.

• It doesn’t allow you to open the same transaction sheet from various systems on

a single operating system. It’s a single window software.

• As Tally has upgraded itself year by year, there is no major update made to it. It

has the same features as the ability to do some extra work.

Creating a company

To use Tally, you need to ‘create a company.’ In the menu section, select ‘Create a

company.’ This will take you to a screen wherein you need to fill in the details about your

company.

20
• Enter company name, as mentioned in the banking records. Add company address,

telephone number, and information on statutory compliance.

• Choose ‘Accounts info’ if you are just using Tally to manage your accounts.

• Choose ‘Accounts with inventory’ for the menu if you are using Tally for inventory

management as well.

• Choose your preferred currency.

• Enter the start of your financial year, plus the start date for the books.

• Also, don’t forget to turn on the ‘Auto backup.’ This will ensure you have a copy of the

details for future needs.

21
Creating a Ledger

A ledger helps you to record all the transactions of different accounts. You can create a

separate ledger for different accounts that you do business with. This will provide more

clarity if you need information on transactions of a particular account in the future. There

are two types of ledgers here; ‘Cash’ and ‘Profit & Loss Account’.

To create a new ledger;

Step 1 – From the Gateway menu, select ‘Accounts info.’

Step 2 – Next, click on ‘Ledgers’ followed by ‘Create.’ Here, you can create a single

ledger or multiple ledgers as per your needs.

22
Step 3 – After creating a ledger, you also need to choose which group a particular

ledger will be assigned to. You can select a group from the given ‘List of Groups.’

23
Step 4 – Also, for easy identification, always enter a name for your ledger so you know

what it contains.

Step 5 – Lastly, enter the opening balance. For a bank account, the opening balance in

the ledger would be the current amount in your account. For an amount owed to you

by a client or a contractor, the starting amount would be what they owe you. For

example; ₹10,000/-

Creating a Voucher

One of the perks of using Tally.ERP 9 is that it comes with several pre-configured types of

vouchers. A voucher is a document that records the details of a financial transaction and is

used by businesses for multiple purposes such as sales, deposits, everyday expenses, etc.

24
To create a voucher, you need to;

Step 1 – From the Gateway menu, choose “Accounting Vouchers.”

Step 2:-

Choose the voucher you want to create. On the right menu, you will see a list of available

vouchers you can create. Select the one that meets your needs best.

• Contra Voucher (F4) - Contra vouchers are for when money is deposited or

withdrawn for the bank, or transferred between two accounts in the same

company.

• Payment Voucher (F5) - This voucher is for payments made by the business.

• Receipt Voucher (F6) - This voucher is for any income made by the company

(sales, rent, interest, etc.)

• Journal Voucher (F7) - Transactions that don't relate to sales, purchases, cash, or

other income. Mostly used for adjustments and opening and closing balances.

25
 • Sales Voucher/Invoice (F8) - This voucher is for all sales made by the company.

• Purchase Voucher (F9) - This is for the purchase of assets by the company.

Step 3:-

Enter in the required information. The information needed to complete the voucher will vary

depending on the type of voucher you want to create. You will typically need to determine

which ledger the voucher will be attached to, as well as enter the date and names of any

involved parties.

If you are entering products being purchased or sold, Tally will automatically calculate

totals based on the quantity you select

Debit Note and Credit Note in Tally ERP9

In simple words about Debit and Credit notes, when there are purchase returns and sales

returns in any business, debit note used for purchase returns and credit note used sales

returns.
26
Debit Note in Tally ERP9

This note will use for purchase returns, it is issued by a buyer to a seller debiting to his

account and requesting for credit note.

How to Activate Debit Note and Credit Note in Tally ERP9

Path: Gateway of Tally -> F11 Features -> Accounting Features

Use debit and credit notes: Yes

27
Credit Note in Tally ERP9

This note will use for sales returns, it is issued by a seller to buyer in different situations

informing that his account is credited.

28
Theoretical Overview of Auditing:-

An auditor is someone who prepares and examines financial records. They ensure that

financial records are accurate and that taxes are paid properly and on time. They assess

financial operations and work to help ensure that an organization runs efficiently.

In this area, we were done different type of work such as matches the balances of

transactions from software information with our tally voucher entries information. We

check different financial records of companies any analyze that and identify the mistakes

then give some suggestions to them.

An audit is a systematic and independent examination of books, accounts, statutory records,

documents and vouchers of an organization to ascertain how far the financial statements as

well as non-financial disclosures present a true and fair view of the concern. It also

attempts to ensure that the books of accounts are properly maintained by the concern as

required by law. Auditing has become such a ubiquitous phenomenon in the corporate and

the public sector that academics started identifying an Audit Society. The auditor perceives

and recognizes the prepositions before them for examination, obtains evidence, evaluates

the same and formulates an opinion on the basis of his judgement which is communicated

through their audit report

Any subject matter may be audited. Auditing is a safeguard measure since ancient times.

Audits provide third party assurance to various stakeholders that the subject matter is free

from material that the subject matter is free from material misstatement. The term is most

frequently applied to a legal person. Other areas which are commonly audited include:

29
secretarial and compliance audit, internal controls, quality management, project

management, water management and energy conversion.

Broadly, Audit involves the following:

In-depth study of existing systems, procedures and controls for proper understanding.

Suggestions for improvement and strengthening.

Ensuring compliance with policies, procedures and statutes. > Comprehensive review to

ensure that the accounts are prepared in accordance with Generally Accepted Accounting

Policies and applicable Accounting Standards/IFRS.

Checking the genuineness of the expenses booked in accounts. > Reporting inefficiencies at

any operational level.

Detection and prevention of leakages of income and suggesting corrective measures to

prevent recurrence. Certification of the books of account being in agreement with the

Balance Sheet and Profit and Loss Account. Issue of Audit Reports under various laws.

Types of Audits conducted: -

• Statutory Audit of Companies.

• Tax Audit under Section 44AB of the Income Tax Act, 1961.

• Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.

Concurrent Audits.

• Revenue Audit of Banks. Branch Audits of Banks.

• Audit of PF Trusts, Charitable Trusts, Schools, etc.

• Audit of Co-operative Societies. Information System Audit.

• Internal Audits.

30
Overview of VOUCHING

Vouching is a technical term which refers to the inspection of documentary evidence

supporting and substantiating a transaction, by an auditor.

It is the practice followed in an audit, with the objective of establishing the authenticity of

the transactions recorded in the primary books of account.

It essentially consists of verifying a transaction recorded in the books of account with the

relevant documentary and the authority on the basis of which the entry has been made; also

confirming that the authority on the basis of which the entry has been made; also confirming

that the amount mentioned in the voucher has been posted to an appropriate account which

would disclose the nature of the transaction on its inclusion in the final statements in account.

Vouching do not include valuation. Vouching can be described as the essence or backbone

of auditing.

9.FINDINGS

• The internship at Deepak Satyanarayan Agrawal & co. Was my first experience

where I get to learn about the services provided by CA firms.

• Initially I know about the working environment and procedures to be followed.

• Then here I get to find about the financing strategy and the hard work to be done

and adopting new strategy to get work done. .

• The work is done by in-depth analysis of the study about the work and take the

decisions according to it.

• From these I find out that the firm operated to get work done follows the process

and government guidelines and to approach the clients and collect the data.
31
10. LIMITATIONS

• Duration of the internship was quite small.

• At times the data available for study can be too large, which makes it a time

consuming tasks.

• Change in government policies and procedures may act as threat for company.

• A small change in focus of large competitor might wipe out any market position

achieved.

11. SUGGESTIONS
• Main server system should be technically fine so that it won’t create a barrier for

Other systems.

• Rotational work should be distributed among the employees so that cach & every

employee must be aware about everything.

• Hardware systems & other devices should be of good quality & quantity so that it

won’t create a lack of electronic equipments i.e (Monitor, keyboard, mouse, epu

LAN connection, printer)

13.Conclusion:

1. I have improved my communication skills

2. I have learned to analyse the business situation.

3. I have learned bookkeeping practice of different companies

4. I have learned to apply therotical knowledge in actual organization.

32
 14.BIBLIOGRAPHY

1. Data extraction from the corporate register provided by the CA

2. https://www.vedantu.com/commerce/computerized-accounting system.

3. Accounting pdf from google chrome.

4. Identification of limitations & intiation of suggestions from the corporate CA Firm.

33