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WORKING CAPITAL MANAGEMENTManagement of Working Capital is also an important part of financial management.The main objective of the Working Capital Management is managing the CurrentAsset and Current Liabilities effectively and maintaining adequate amount of bothCurrent Asset and Current Liabilities. Simply it is called Administration of CurrentAsset and Current Liabilities of the business concern. Management of keycomponents of working capital like cash, inventories and receivables assumesparamount importance due to the fact the major portion of working capital getsblocked in these assets.MeaningWorking capital management is an act of planning, organizing and controlling thecomponents of working capital like cash, bank balance inventory, receivables,payables, overdraft and short-term loans.Definition1. According to Smith K.V, “Working capital management is concerned with theproblems that arise in attempting to manage the current asset, current liabilitiesand the interrelationship that exist between them”.2. According to Weston and Brigham, “Working capital generally stands forexcess of current assets over current liabilities. Working capital managementther … Purchase document to see full attachment

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