Question

The surplus earned by an Industrial Co-operative Society is generally termed as:

• A. Interest on Capital
• B. Dividend on Shares
• C. Bonus to Employees
• D. Net Profit/Surplus, which is allocated for reserves, common good fund, and member rebate

Answer 1

Answer:

D. Net Profit/Surplus, which is allocated for reserves, common good fund, and member rebate

• The surplus is allocated democratically to statutory reserves, community welfare (common good), and patronage bonus (rebate to members).