Question

No Part of the funds other than the society shall be paid by way of bonus or dividend or otherwise

• A. Net profit
• B. Gross profit
• C. Working profit
• D. Retained profit

Answer 1

Answer:

A. Net profit

According to cooperative principles and the Cooperative Societies Act, no part of the funds of the society, other than net profit, shall be paid as bonus, dividend, or otherwise among members. Net profit is the profit remaining after meeting all expenses, taxes, and statutory reserves, and only this can be distributed among members in accordance with the rules.