REVIEW OF THE LITERATURE Meaning of the working capital management: Working capital management is the amounts of funds are

needs for short term purpose for the purchase of the raw materials, payment of wages and other day to day expense etc. these funds are known as working capital, working capital refer to a part of the firm’s capital which is required for financing short form or current assets such as cash, marketable securities, debtors etc, hence it is also known as revolving or circulating capital or short term capital. Definition: According to shubin, “working capital is the amount of funds necessary to cover the cost of the operating enterprise”.

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