THE ROLE OF WORKING CAPITAL MANAGEMENT IN PRIVATE SECTOR ESTABLISHMENTS
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The sole objectives of any business in the private sector are to make profit but the uncertainty inherent in today’s economic environment threatens the survival of every business and makes sound liquidity and cash management. The local point for financial management rather than achievement of maximum profit, for sometime past the convention revenue accounts and balance sheet have been considered sufficient for the ...
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