Accounts Procedure of Mumu and Nahiyan Trading Ltd.

Abstract

This executive summary provides an overview of my internship report on the "Accounts Procedure of Mumu and Nahiyan Trading Ltd." During my internship, I focused on various essential accounting procedures, including cash book management, inventory control, cash flow statement preparation, ledger maintenance, and trial balance reconciliation. Additionally, I was involved in tasks such as bank reconciliation statement preparation and managing petty cash. Notably, a significant aspect of my responsibilities included initiating and managing Letters of Credit (LC) with a local bank for importing products, as our business primarily operates on imports. Throughout the internship, I gained hands-on experience and insights into the critical components of accounting within Mumu and Nahiyan Trading Ltd. These tasks provided me with a comprehensive understanding of the company's financial operations and procedures. By maintaining accurate records, overseeing financial statements, and orchestrating the import process through LCs, I contributed to the efficient and transparent financial management of the organization. Concededly, this executive summary highlights my engagement in a range of accounting tasks and responsibilities, showcasing my active involvement in maintaining various financial aspects of Mumu and Nahiyan Trading Ltd.