Understanding Book: BOOKS COOPERATIVE MUST HAVE BEFORE REGISTRATION

BOOKS CO-OPERATIVE MUST POSSESS BEFORE BEING REGISTERED:-

5.1a.    The following are some of the prescribed books to be acquired before a co-operative society is registered:-

(1)                     A membership and Attendance Register, showing the name address and occupation of every member, the number of share held by him, the date of his admission to membership, the Nominee appointed under Bye-Law II, and the members attendance at general meeting

(2)                     A cash book showing the receipts, expenditure and balance on each day on which business is done

(3)                     Cash receipt book

(4)                     Payment voucher

(5)                     General Ledger

(6)                     Personal Ledger with accounts for each member; depositor and creditor

(7)                     Loan register showing installments for repayment of loans

(8)                     Minute book for   proceedings of General and Committee Meetings

(9)                     Register of share payments

(10)                 Stationery register

(11)                 Loan bond book showing particulars of and containing bonds for all loans issued

(12)                 Correspondence files