Summer internship at a CA firm

Posted by on Jul 2, 2018 in School News | Comments Off

A summer internship for students of commerce was conducted from 28 May to 1 June 2018 at M/s. Anil Maheshwari & Company, Rajendra Palace, by Mr. Maheshwari himself. It was attended by Gursimer Kaur, Aman, Kirti, Anish, Vishesh and Jai of class XI C.

The internship focused on reinforcing a greater interest amongst students by giving them a practical experience.

The first day commenced with a presentation -
‘ Steps to become a CA’. The interns asked several questions and completed an assignment relating to the topic after discussing it in groups.

The second day began with an assignment on Excel, based on the share market. We were asked to choose a company by analysing its shares. There was competition amongst us on whose company would make the maximum profit! Aman won this battle of the shares with aplomb!

The third day had us working on a software- based task in Tally Simplicity. Here, we were key in the transactions handed by our instructor. The work was done as journal entries, after group discussions.

The activity on the fourth day was centred around the Good and Services Tax (GST). The assignment included the 3 taxes in this system, i.e. CGST , SGST and IGST. We were familiar with sales within the state, ( involving CGST and SGST) and sales outside the state ( involving IGST). The assignment was prepared on Excel and it was really very interesting and enjoyable.

On the last day our project focused on Income Tax. As a part of the assignment we were asked to fill up a tax form provided by our instructor, reading the given information and filling the data correctly.

The internship was highly informative and enjoyable. It concluded with the awarding of participation certificates to the young interns.

Gursimer Kaur, (11-C).

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