…………….. are those papers which contain essential facts about the accounts so that the auditors may not have again to go over the accounts.

Related MCQs

• The key function of……………………..is for the board to hold those in charge of making decisions on behalf of the cooperative society accountable for the outcomes of those decisions.
• 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.
• ……………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.
• ……………..assets are those of a fixed nature and are gradually exhausted and used up in the course of working, such as a mine or quarry.
• Every co-operative society shall maintain accounts and book for the purpose of recording business transactions by it and close them every year on …………………
• If the totals of two sides of trial balances agree, normally it signifies the ………………. of the accounts.
• 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 ………………….
• The ……………….will fix the authorized maximum amount of debts that the cooperative society may contract with any credit supply organization.
• ……………… may be called at any time during the year whenever necessary.
• ………………………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.