Summer Internship

with
Anand Behl Verma & Co.
(Chartered Accountants)
Vaibhav Pandey
SAP Id: 500077473
E.No.: R119219046
BBA (FAS)
08/10/2021
 Introduction

Background of the Study

Presentation Objectives of the Study

Outline Data Collection

Statement of Profit & Loss

Conclusion
 Introduction

• Anand Behl Verma & Co. operates as a chartered accounting

firm as per ICAI rules
• Anand Behl Verma & Co. aims to achieve:
• Outstanding professional capabilities
• Add value to business and economy, and safeguard the
public interest
• Ensure ethical practices and good corporate governance
• The company represents a combination of professional skills
aimed at providing reasonable financial advice and
personalized proactive services
• The firm has a vision for the future growth and development
of financial markets and services and research to stay ahead
of these trends and developments
 • Why do companies need financing?
• To invest in assets or conduct daily business
operations.
• The ultimate goal is to:
• Increase output, productivity and/or
reduce costs to improve competitiveness

Background • Develop new products to maintain or

increase market share
• Adapt technology and products to new
of the Study market conditions (e.g., regulations and
consumer tastes)
• Start a business
• Pay daily financial commitments
• The first three motivations are closely related
to promoting the growth or expansion of
established companies. The latter applies to
new companies and existing companies.
Objectives of the Study

• Gather data to develop a data

strategy
• Gathering data to find right clients
• Collect data to improve the
efficiency and effectiveness of the
process
• Collecting data to gain insight into
the facts
• Collect data to reduce risk
Data Collection
Process of collecting, measuring, and analyzing accurate knowledge for research using proven standard techniques.

For this study, I collected raw data and processed it using analytical tools (Tally) under different subheads

The raw data was widely scattered and mismatched

The data is further processed as per Schedule III of the Companies Act, 2013, in the "STATEMENT OF PROFIT AND LOSS"

Next, the company is informed about their expenses and revenue

The company hence knows if they made loss or profit in the given quarter
Conclusion
• The study of loss and profit made in a business
transaction is a vital operation in a company.
• By deducting the total expenditure from the total
income, the loss and the profit in a company can
be calculated.
• A company’s statutory accounts comprise of the
balance sheet and the profit and loss statements
as the primary financial statements.
• The main goal of every company is to improve the
profit margin.