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Which of the following is not a statutory reserve?

ACo-operative Education Fund

BReserve Fund

CCommon Good Fund

DMember Relief Fund

Answer:

C. Common Good Fund

Read Explanation:

The Statutory reserves are reserves required by law for cooperative societies, such as: Co-operative Education Fund Reserve Fund Member Relief Fund The Common Good Fund is also typically considered a statutory or legally mandated fund in many cooperative statutes. on the other hand, is voluntary and not a statutory reserve, so it does not qualify as a statutory reserve.


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