Debtors Management: A comparative analysis of selected Power Distribution Companies in Andhra Pradesh
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Debtor management is heart of every business. Making a sale is fine, but collecting the cash is ultimately what matters. Selling goods and services on credit, results in blocking of funds in accounts receivable. The interval between the date of sale and date of payment has been financed out of working capital. Additional funds are therefore required for the operational needs of the business which involves extra costs in term of interest.The present study is an attempt to analyze Debtors management with the help of debtors turnover ratio in APSPDCL and APEPDCL. For this study the statistical tools
like percentage, averages and t-test are used. The study reveals that an efficient debtor’s management process results in enhanced operating efficiencies, effective billing procedures and quick dispute resolution. It additionally requires less management time to be spent on administration and processing issues allowing senior management to focus on key strategic issues and on growth of business.
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