Co-operative Management and Administration MCQ

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Co-operative Management and Administration MCQ

111. ……………..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.

112. ……………..will be acquired only by co-operatives which undertake publication of
books.

113. Registered debentures, stocks and shares, Government Securities, Inscribed stocks and
Bearer bonds and share warrants are………

114. Valuation of stock in trade is at ……………………….

115. ………………arises due to inefficiency, negligence, mischief or bad luck etc.

116. In manufacturing and processing societies by-products may be valued at their ……………………..

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

118. ……………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.

119. The word ‘Auditor’ is derived from the Latin word …………..meaning to hear.

120. The main object of audit today is to ……….