……………… may be called at any time during the year whenever necessary.

Related MCQs

• In ………………………. Central Banks, the arrears under principal may exceed 20% but should not exceed 40% of the demand. There may be interest overdues but it should not exceed 10% of the demand.
• The ……………….will fix the authorized maximum amount of debts that the cooperative society may contract with any credit supply organization.
• In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements.
• 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.
• In ……………………, management monitors the progress of plannedactivities. If progress is lagging, necessary adjustments are made.
• ………………………may be summoned at the insistence of the management committee, the audit or the control committee, the registrar of cooperatives, or at the request of at least ten percent (10%) of all the members of the cooperative.
• In manufacturing and processing societies by-products may be valued at their ……………………..
• In farming societies producing crops with an annual cycle the basis of valuation of by products may be …………………
• ……………are certain assets which represent capital expenditure which may not have resulted in identifiable profit earning assets and which still remain to be written off.
• …………….. are those papers which contain essential facts about the accounts so that the auditors may not have again to go over the accounts.