Bibliography :

1. Google.com 2. Cost Accounting and Financial Management by ICAI. 3. Financial Policy & Management Accounting by B. Banerjee, PHI. 4. Ask.com 5. Wikipedia.com 6. Yahoo.com 7. Answer.com 8. Financial Management, by M.Y. Khan & P.K. Jain. 9. Financial Management by P. Chandra. 10. Financial Management by C.A. Manish Raj Dhandharia.

Introduction

Working capital management is a significant facet of financial management due to the fact that it plays a pivotal role in keeping the wheels of a business enterprise running. The requirements of working capital for day-to-day business activities cannot be overemphasized. It cannot be denied that a firm invests a part of its permanent capital in fixed assets and keeps a part of it for working capital i.e. for meeting the day-to-day requirements. We will hardly find a firm which does not require any amount of working capital for its normal operation. The requirement of working capital varies from firm depending upon the nature of business, production policy, market conditions, seasonality of operations, conditions of supply etc.

It is known to us that the aim of a business concern is to maximize the proprietors wealth. To fulfill this objective the firm should earn sufficient and steady return from its operations. It depends upon the successful sales activity. Considering the importance of working capital in any type of business an analysis of working capital of Reliance Industries Ltd.

Annexure -I Supervisors Certificate This is to certify that Mr. Naveen Kumar Yadav a student of B.Com.Honours in Accounting & Finance of Syamaprsad college under the university of Calcutta has worked under my supervision and guidance for his Project Work and prepared a Project Report with the title of Working Capital which he submitting, is his genuine and original work to the best of my knowledge.

Place: Date:

Signature: Name: Designation: Name of the college: Syamaprsad College

Annexure-II Students Declaration I hereby declare that the project work with the title WORKING CAPITAL submitted by me for the partial fulfillment of the degree of B.Com. Honours in Accounting & Finance under the University of Calcutta is my original work and has not been submitted earlier to any other University for the fulfillment of the requirement for any courses of study. I also declare that no chapter of this manuscript in whole or in part has been incorporated in this report from any earlier work done by others or by me. However, extracts of any literature which has been used for this report has been duly acknowledged providing details of such literature in the references.

Signature: Name: Naveen Kumar Yadav Address: 49/5/1Q karl Marx Sarani Kolkata-700023 Registration No. Place: Date:

CONTENTS
INTRODUCTION THE CONCEPTUAL ASPECT NEED FOR WORKING CAPITAL MAJOR CONSIDERATION WORKING CAPITAL CYCLE VOLUME OF WORING CAPITAL SOURCES OF FINANCE RELIANCE PROFILE METHODOLOGY CASE STYDY OF WORKING CAPITAL CONCLUSION BLANCE SHEET BIBLIOGRAPHY

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1 2-4 5 6 6-7 7-8 8-10 10-11 12 12-24 25 26 27

CONTENTS
INTRODUCTION 1 THE CONCEPTUAL ASECT 2-4 NEED FOR WORKING CAPITAL 5 MAJOR CONSIDERATION 6 WORKING CAPITAL CYCLE 6-7 VOLUME OF WORING CAPITAL 7-8 SOURCES OF FINANCE 8-10 RELIANCE PROFILE 10-11 METHODOLOGY 12 CASE STYDY OF WORKING CAPITAL 12-24

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CONCLUSION 25 BLANCE SHEET 26 BIBLIOGRAPHY 27

Acknowledgement : I, am thankful to our Accounts teacher Mr. Suraj Bhattacharya, head of Accounts Department of college Syamaprsad College, to supervise me and guide me through the project. This project would not have been completed and presented as it is without his help and guidance. I, also thank Calcutta University to provide us with such project work, this project work has been a great learning experience for me. As I have learned a lot about the topic carried out by me (Working Capital Management) and also about the company selected by me (Reliance Industries Limited) and its well fair in the actual world.