( Best 150+ ) Co-operative Management and Administration MCQ

by Mr. DJ

Co-operative Management and Administration MCQ

Table of Contents

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Co-operative Management and Administration MCQ

Co-operative Management and Administration MCQ

101. Interest earned, Miscellaneous income, Commission, Profit in non-credit businessare
shown on the credit side of ………

A. profit and loss account

B. trading account

C. manufacturing account

D. balance sheet

102. ………………are the expenses paid on account of rent, rates and taxes, insurance
premiums, subscriptions membership fee etc. for periods that extent beyond the date of the balance sheet.

A. prepaid expenses

B. interest receivable

C. deferred revenue expenditure

D. outstanding expenses

103. Expenses incurred but not paid, are called………….

A. prepaid expenses

B. interest receivable

C. deferred revenue expenditure

D. outstanding expenses

104. Interest accrued up to the date of balance sheet are known as ………………..

A. prepaid expenses

B. interest receivable

C. deferred revenue expenditure

D. outstanding expenses

105. When heavy expenditure is incurred and the benefits of which extend to periods
beyond the date of the balance sheet, such expenditure should be equitably spread over the period during which the benefits of such expenditure would be available and are known as ………………….

A. prepaid expenses

B. interest receivable

C. deferred revenue expenditure

D. outstanding expenses

106. In the case of non trading societies such as Co-operative Education Societies, hospital,
societies and similar other types of societies, which do not undertake trading activities, it is common to term the “Profit and Loss Account” as…………..

A. revenue account

B. income and expenditure account

C. profit statement

D. both (a) and (b)

107. Realisable Value of an asset is……………

A. the estimated amount that the assets would fetch, if sold or disposed off.

B. the amount that is estimated to replace the asset

C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition

D. all of the above

108. The written down value or going concern value of an asset is……….

A. the estimated amount that the assets would fetch, if sold or disposed off.

B. the amount that is estimated to replace the asset

C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition

D. all of the above

109. The replacement value of an asset is……………

A. the estimated amount that the assets would fetch, if sold or disposed off.

B. the amount that is estimated to replace the asset

C. the amount that an asset costs, when purchased or acquired, less the provisions made for depreciation since its acquisition

D. all of the above

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