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What is Working Capital Management ? Give the formula for
it
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working capital is nothing but the capital required for the
cost of operation and daily needs such as purchase of raw
material,payement of wages etc
generally there are two types of working capital management
net working capital
gross working capital
Net working capital is the net investiment for current
assets
therefor net working capital =current assets-current
liablities
so managing the requirement of working capital limits by a
firm so that it is able to meet the working capital limits
to meet its day to day cost of operations is working
capital management.
| Is This Answer Correct ? | 56 Yes | 4 No |
Answer / aman
the gap between the current assets and current laibilities
is known as working capital....
working capital= current assets-current liabilities
| Is This Answer Correct ? | 42 Yes | 14 No |
A part of a capital avaliable with the firm for day to day
working of the business is known as working capital.
formula= the difference between current asset and current
liability is called working capital.
And working capital is of two types:Gross working
capital,net working capital.
The total amount of current asset is called gross working
capital.
Net working capital is current asset-current liability.
| Is This Answer Correct ? | 30 Yes | 5 No |
Answer / rajesh
capital required by a firm to run the business is called
working capital.
formula = current assets - current liabilities
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / rohit kasana
WORKING CAPITAL IS THAT CAPITAL WHICH IS REQUIRED FOR DAILY
OPERATIONS OR FOR DAY TO DAY EXPENSES
WE CAN DIVIDE THE WORKING CAPITAL INTO DIFFERENT CATEGERIOUS
ON THE BASIS OF CONCEPT THERE ARE TWO TYPES OF WORKING
CAPITAL
1.GROSS WORKING CAPITAL:MEANS EXCESS OF CURRENT ASSSETS
OVER THE CURRENT LIABILITIES.
2.NET WORKING CAPITAL : Currenntasset-currentliabilities.
ON THE BASIS OF TIME
1.FIXED WORKING CAPITAL OR PERMANENT WORKING CAPITAL
a)regular working capital
b)reserve working capital
2. variable working capital
a)special working capital
b)seasonal working capital
| Is This Answer Correct ? | 16 Yes | 5 No |
Answer / raji
working capital=current assets-current liabilities
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / alka sharma
w.c.= total operating exp./no.of operating cycle
| Is This Answer Correct ? | 12 Yes | 9 No |
Answer / jigar
We know wat is working capital but we dont want to
telll..ok
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / sunil kumar dubey
WCM also referred toas finacial management,refers to the day
to day finacial activities that deal with current assets and
current liabilities. wcm=current
assets-current liabilities
| Is This Answer Correct ? | 1 Yes | 0 No |
What are events occuring after the balancesheet date?
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2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.
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