Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Quick Revision of Business Finance (NTA UGC-NET Management): Part 8
Dear Students, Here, we will explain the key points for a brief revision of the Unit 5 - Business Finance for NTA UGC-NET Management. Key Points and Summary- 40) Working Capital is the capital which is used in day-to-day trading operations of a business. It is obtained by subtracting the current liabilities from the current assets. 41) Working Capital indicates the liquidity levels of companies for managing day to day expenses and covers inventory, cash, accounts payable, accounts receivable and short-term debt that is due. 42) Inventory management and control module is utilized by companies to avoid product overstock and outages. 43) Economic order quantity is the size of the lot to be purchased which is economically viable. EOQ is the point at which inventory carrying costs are equal to order costs. 44) Receivables are asset accounts owed to the firm as a result of sale of goods/services in the ordinary course of business.
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