A Study on Receivable Management at Glitvac Facility Services Pvt Ltd Bangalore

Abstract

Receivable represents the sum owed to the organisation as outcome of trade of products or services in the day to day pathway of business. These are the declaration of the organisation against its buyers and from part of its current assets. Receivables are also as account receivables, trade receivables, client’s receivables or book debts. The receivables are carried for the clients of the organisation. The term of credit and extent of receivable depends on the credit policy followed by the organisation. The objective of maintaining or funding in receivables is to meet competition and to increase the sales and profits