1Preface
734.1.3 Chairman and Vice-chairman/ President
2Chapter 1. Introduction to Co-operatives Businesses
744.1.4 Chief Executive
31.1 Introdution
754.1.5 Secretary
41.2 Exercise
764.2 Exercise
5Chapter 2. Principles of Co-operative Management
77Chapter 5. Accounting & Auditing of Co-operatives
62.1 Voluntary and Open Membership
785.1 ACCOUNTING
72.1.1 Introduction
795.2 BOOKS & REGISTERS MAINTAINED BY THE CO-OPERATIVES
82.1.2 Interpretation
805.3 Preparation of manufacturing trading and profit and loss account
92.1.3 Guidance Note
815.3.1 Checking of Postings in the Ledgers
102.1.4 Future Scope
825.3.2 Checking of Central Ledger
112.2 2nd Principle: Democratic Member Control
835.3.3 Drawing Up of The Trial Balance
122.2.1 Introduction
845.3.4 Checking of the Transfer Entries
132.2.2 Interpretation
855.3.5 Adjustment and Closing of Nominal Accounts
142.2.3 Guidance Notes
865.3.6 Manufacturing Account
152.2.4 Scope
875.3.7 Trading Account
162.3 3rd Principle: Member Economic Participation
885.3.8 Profit and Loss Account
172.3.1 Introduction
895.3.9 Revenue Account and Income and Expenditure Account
182.3.2 Interpretation
905.3.10 Principles Governing the Preparation of Profit and Loss Account
192.3.3 Guidance Notes
915.4 PREPARATION OF BALANCE SHEET
202.3.4 Future Scope
925.4.1 Verification of Assets and Liabilities
212.4 4th Principle: Autonomy and Independence Co-operatives
935.4.2 Verification of Assets
222.4.1 Introduction
945.4.3 Valuation of Different Types of Assets
232.4.2 Interpretation
955.4.4 Verification and Valuation of Current Assets
242.4.3 Guidance Notes
965.4.5 Stock in Trade
252.4.4 Future Scope
975.4.6 Method of Computing Cost
262.5 5th Principle: Education, Training and Information
985.4.7 Valuation of Different Classes of Stock
272.5.1 Introduction
995.4.8 Sundry Debtors
282.5.2 Interpretation
1005.4.9 Loans Outstanding
292.5.3 Guidance Notes
1015.4.10 Fictitious Assets
302.5.4 Future Scope
1025.4.11 Preparation of Financial Ratios
312.6 6th Principle: Cooperation among Co-operatives
1035.4.12 Verification of Cash Balance
322.6.1 Introduction
1045.5 COMPUTERISED ACCOUNTING: 5.5.1 Benefits of Computerized Accounting
332.6.2 Interpretation
1055.6 Exercise
342.6.3 Guidance Notes
106Chapter 6. Co-operative Audit
352.6.4 Future Scope
1076.1 Definition of auditing
362.7 7th Principle: Concern for Community
1086.2 Statutory audit of co-operative societies
372.7.1 Introduction
1096.3 Salient features of co-operative audit
382.7.2 Interpretation
1106.4 Main features of co-operative audit
392.7.3 Guidance Notes
1116.5 Examination of overdue debts
402.7.4 Future Scope
1126.5.1 Adherence to Co-operative Principles
412.8 Exercise
1136.5.2 Observance of the Provision of the Act and Rules
42Chapter 3. Co-operative Management
1146.5.3 Personal Verification of Member’s Loan and Examination of their Pass Books
433.1 Introdution
1156.5.4 Audit Classification of Society
443.2 Management functions
1166.5.5 Discussion of the Draft Audit Report with Managing Committee
453.2.1 Planning
1176.6 Working papers
463.2.2 Organizing
1186.7 Payment of advances
473.2.3 Directing
1196.8 Unusual and irregular items
483.2.4 Controlling
1206.9 Payment of dividend and bonus
493.2.5 Role of Management
1216.9.1 Repayment of Bank Loan, Cash Credit and Overdraft
503.2.6 Resources to Manage
1226.9.2 Stationery and Printing Charges
513.3 Democracy
1236.10 Vouching trading transactions
523.3.1 Direct Democracy
1246.10.1 Purchase Procedures
533.3.2 Indirect Democracy
1256.10.2 Cash Sales
543.3.3 Democracy in Co-operatives
1266.10.3 Vouching Ledgers
553.3.4 Decision Making
1276.11 Classification of current assets
563.3.5 Annual General Meeting (AGM)
1286.11.1 Depreciation
573.4 Directors
1296.11.2 Verification and Valuation of Current Assets
583.4.1 Board of Directors Meeting
1306.12 Stock in trade
593.4.2 Operational Meeting
1316.13 Valuation of stock-in-trade
603.4.3 The Democratic Structure of the Co-operative
1326.14 Loans outstanding
613.5 Types of general meetings
1336.15 Confirmation of debit balance
623.5.1 Inaugural (constituent) General Meeting
1346.16 Bad debts
633.5.2 An Annual General Meeting
1356.17 Audit report
643.5.3 Extraordinary General Meetings
1366.17.1 Audit
653.5.4 Special or Ordinary General Meetings
1376.17.2 Audit Memorandum
663.5.5 Conditions Pertaining to all General Meetings Regardless of the Type
1386.18 Audit classification
673.6 The steps in the decision-making process
1396.19 Non-credit societies
683.7 Exercise
1406.20 Assessment and levy of audit fees
69Chapter 4. Management Structure
1416.21 Exercise
704.1 GENERAL BODY
142Glossary
714.1.1 Annual General Meeting and Role & Responsibilities of General Body
143Appendix
724.1.2 Role of Board of Directors
144Index
