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8 marksCo-operatives

CSEC Principles of Accounts · May/June 2011 · Paper 2 · Question 6(b)

Prepare the Appropriation Account for the Goodlands Housewives Cooperative for the year ended April 30, 2011.

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Other parts of this question

  1. 6(a)Prepare the journal entries to record the monies collected for: Registration fees, and Share purchase.[6 marks]
  2. 6(c)(i)Calculate the amount of the patronage refund due to Mrs Cunningham, showing all working clearly.[2 marks]
  3. 6(c)(ii)Calculate the TOTAL amount that should be paid to her, by the cooperative, out of this year's surplus, showing all working clearly.[3 marks]
  4. 6(d)State ONE benefit, to the housewives, of joining the Goodlands Housewives Cooperative Society.[1 mark]

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