In the ……………………the Business plan and budgets for the coming year are presented for discussion and approval.

Related MCQs

• In the ……………….the Board members discuss long-term goals and strategy and ensure that a good planning process is in place to guide the cooperative society in the coming year(s).
• In the …………….the board seeks approval of its recommendations for surplus allocation.
• In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements.
• Every co-operative society shall maintain accounts and book for the purpose of recording business transactions by it and close them every year on …………………
• An ……………………………convenes once a year on a date fixed by the bylaws of the cooperative but, not later than three months after the end of the financial year.
• …………………………. is a detailed plan of the auditing work to be performed, specifying the item in the financial statements and allocating tentative time required.
• ……………………. is the art of recording all the business transactions in the books of account and is mainly related to books of original entry as well as the ledger.
• The …………….will approve the financial, social, and development plans for the following year.
• The……………..will elect the managerial units of the cooperative and the control committee for the following year.
• ……………… may be called at any time during the year whenever necessary.