The act of establishing the accuracy and authenticity of entries in the account books is called …………

Related MCQs

• ……………………. is the art of recording all the business transactions in the books of account and is mainly related to books of original entry as well as the ledger.
• A ………….. is documentary evidence in support of a transaction in the Books of account
• Every society shall maintain ……………….. showing the indebtedness of each member to the society whether on account of loan taken directly by him or on account of loan which he stands as surety.
• ……………..will be acquired only by co-operatives which undertake publication of books.
• 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 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.
• ……………..is not shown in Manufacturing Account.
• 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”.
• Every Co-operative society shall submit to the …………………..annually within April each year a copy of each of the statements specified in the act.
• 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.