Professional Documents
Culture Documents
7 - Co-Operative Accounting
7 - Co-Operative Accounting
(10x 1 = 10 marks)
11. Distingush between principal state partnership fund and subsidiary state partnership
fund?
12. Diffrence between Company Audit and Co-operative audit
13. What are the Stages of Audit?
14. Explain the various Duties, Powers and Responsibilities of Co-operative Auditor
15. What are the salient features of co-operative accounting?
16. Briefly explain provisions regarding provisions for over dues.
17. Explain general ledger.
18. Define Day book.
19. Define Accounting.
20. What is Co-operative Audit programme?
21. What is mechanical audit?
22. Define Vouching?
(8x2=16 marks)
Part D (Essays)
(Answer any two questions. Each question carries 15 marks
32. Explain briefly the different types of Account Books and Registers maintained by C-
operatives as per the provisions Co-operative Societies Act and Rule?
33. Define Co-operative audit. What are the important types of co-operative audit?
34. The following is the Receipts and Disbursement Account of an industrial society for the year
ended 31 March 2009 and a Balance sheet during 2009-2010. Prepare Profit and Loss Account
and Balance sheet as on 2010-11.
416500 416500
Total
Note-
1. At the end of the year interest of Rs.20000 has to be received from the members and interest of
Rs.5000 has to be paid for District Co-Operative Bank Loan.
35. Explain the provisions of the Co-operative Societies Act and Rules regarding the preparation
of final accounts.
[2x15 = 30 marks.]
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