Working Capital Management of M/s Larsen & Toubro Ltd - An extensive study
Journal Title: International Journal of Management, IT and Engineering - Year 2018, Vol 8, Issue 2
Abstract
The term Working capital is commonly used for the capital required in day to day operations, such as for purchasing raw material, for meeting day to day expenditure. Working capital refers to the circulating capital required to meet the day to day operations of the business firm. Working capital is defined as excess of current assets over current liabilities. But as per accounting technology, it is the difference between the inflow and outflow of funds. In the Annual survey of Industries (1961), working capital is defined to include “stock of materials, fuels, semi finished goods including work in progress and finished goods and by products; cash in hand and bank and the sum of sundry creditors represented by (a) outstanding rent, wages, salaries, interest and dividend; (b) purchase of goods and services; (c) short term loan and advances”. Working capital has been described as the “life blood of any business which is apt because it constitutes a cyclical flowing stream through the business. Working capital management is concerned with the problems that arise in attempting to manage the current assets, current liabilities and the inter-relationship, that exist between them.
Authors and Affiliations
Shri Ashimava Praharaj
Keywords
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