In farming societies producing crops with an annual cycle the basis of valuation of by products may be …………………

Related MCQs

• 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…………..
• In manufacturing and processing societies by-products may be valued at their ……………………..
• Valuation of stock in trade is at ……………………….
• Societies the overdues of which exceed 40% and which are moribund are to be classified as ………………..
• 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.
• Where it is possible written notice must be sent to all members at their official addresses at least ………………………prior to annual and extraordinary general meetings
• The Society which requires no help from official and non-official staff for its working (excepting annual audit) comes under……………..
• A ……………………. institution is a voluntary association of independent economic units, organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.
• ……………… 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”.
• 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”