Quelpr
4 marksCo-operatives

CSEC Principles of Accounts · January 2012 · Paper 2 · Question 4(a)

The Roseau Valley Farmers' Cooperative was formed on 1 January 2011 with 8 000 farmers each contributing 20 towards initial shares, earning a surplus of 268 500 at the end of the year. Specific appropriation decisions were made by the Board of Management.

Outline TWO principles or essential features of a cooperative.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 4(b)Calculate the return on investment for the Roseau Valley Farmers' Cooperative for the year ended 31 December 2011.[2 marks]
  2. 4(c)Prepare the Appropriation Account for the Roseau Valley Farmers' Cooperative for the year ended 31 December 2011.[10 marks]
  3. 4(d)Show the capital section ONLY of the Balance Sheet of the Cooperative as at 31 December 2011.[4 marks]

More practice: the rest of this paper · more Co-operatives questions · all CSEC Principles of Accounts past papers