W17 Day 85 of Nana's Internship
Week 17 Day 85 (01 Aug 2025)
Activity
- Continued verifying advertisement expenses, cost of cars sold, and sales transactions related to cars that had already been sold. This involved cross-checking supporting documents and ensuring all figures were accurately reflected in the accounts.
Key Learning
- Understood how to match cost of sales with car sales revenue for accurate profit calculation.
- Improved skills in identifying supporting documents tied to advertising and promotional efforts.
- Strengthened awareness of how proper matching of income and expenses reflects business performance.
Reflection
Today's task was a continuation of reviewing car sales records and related expenses, but I found myself more confident compared to previous days. Matching the cost of each car sold with its respective sale value gave me a clearer picture of how gross profit is derived in the automotive industry. I also spent time verifying advertising costs tied to each vehicle which emphasized how marketing plays a crucial role in driving sales. It was insightful to see how various campaigns and promotions were linked to the actual sale of a car. There were still challenges some sales records were not clearly labelled or had missing references, but I took it as an opportunity to sharpen my investigative and document-tracing skills. The more I dealt with such data, the more I realized the importance of clean record-keeping and the value it brings to both internal accounting and tax compliance.
