………………are the expenses paid on account of rent, rates and taxes, insurance premiums, subscriptions membership fee etc. for periods that extent beyond the date of the balance sheet.

Related MCQs

• When heavy expenditure is incurred and the benefits of which extend to periods beyond the date of the balance sheet, such expenditure should be equitably spread over the period during which the benefits of such expenditure would be available and are known as ………………….
• In the ……………the board makes or changes policies as required, or recommends a policy to the membership if only the membership has the authority in a particular area.
• Interest accrued up to the date of balance sheet are known as ………………..
• Every society shall maintain …………………for recording the applications for membership,the number of shares applied for and in case of refusal, the date of communication of the decision refusing admission to the applicant.
• ……………is a Register, showing the name and address of each member, the date of admission, the shares taken by him and the amount of share capital, if any refunded to him together with the date of each such payment and refund.
• In the case of issuing loans, …………………………., showing the number and date of disbursement of each loan issued to members the amount of loan, the purpose for which it is granted and the date or dates of repayment, distinguishing principal and interest
• Expenses incurred but not paid, are called………….
• Every balance sheet of a co-operative society shall give …………………… view of the state of affairs of the society as at the end of the Co-operative year.
• In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements.
• In ……………………who participates, will vary from co-operative to co-operative depending upon the organizational structures that have been approved by the membership and/or the board of directors.