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Cooperatives accounting

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(Querist)
13 August 2008 Dear all

I am looking for information about Cooperative societies accounting. where can I find complete info on that. and also is there a limit on the amounts to be transfered to general reserve for cooperatives? Is there a limit on the payout to members in cooperatives pls pls help me
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
13 August 2008 You will have to look at the State Act on Coop societies.
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Azmathullah Khan

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Azmathullah Khan (Expert)
13 August 2008 Society can't pay any amount to the members, please refer ur society by_laws, and registration of society resolution

Thx.
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indira

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indira (Querist)
13 August 2008 Dear Sir,

But how is the profit shared between members then?

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