Published Paper Details:

Money strengthens every industry to go forward in a competitive world. While business firms would like to sell their goods and services on cash, the pressure of competition and force of custom persuades them to sell on debt. Firms grant debt to facilitate sales. A firm's investment in accounts receivables depends on how much debt it allows and the time taken to collect these receivables. Accounts receivables constitute the third most important category for business firms, after plant and equipment and inventories. Hence it behooves a firm to manage its debt well. The objective of the report is to have an overview of Credit management at JN Machineries, Chennai. In order to achieve the above mentioned objective and finish the study to perfection, the methodology used was a balance of primary and secondary sources. Primary sources were the personal visits to the companies and secondary was the information collected from websites. To facilitate this, I started with reading a few books on Credit management to understand the basic concept of Receivables. I also browsed the net to find more detailed information on specific topics. I practically saw the Finance department at JN Machineries, worked and Later, I studied on various practices to understand the functioning of Finance department at that company.