Interest earned, Miscellaneous income, Commission, Profit in non-credit businessare shown on the credit side of ………

Related MCQs

• ……………..is not shown in Manufacturing Account.
• Cost of goods purchased, Net sale proceeds, Value of closing stock are shown in……………….
• ………………..through motivation concerns the people side of the organization.
• The ……………….will fix the authorized maximum amount of debts that the cooperative society may contract with any credit supply organization.
• According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”.
• In the case of non trading societies such as Co-operative Education Societies, hospital, societies and similar other types of societies, which do not undertake trading activities, it is common to term the “Profit and Loss Account” as…………..
• ……………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.
• ……………… is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”.
• A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
• In the words of …………………, cooperation is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”