Question

How the profit of cooperative societies distributed

Answer 1

Answer:

cooperative societies make profit and conduct business like any other business organisation.The profits of the cooperative are also distributed in the similar manner as dividend by a company . whatever is left after interest payments , taxes, capex reserves etc is paid out proportionately to the shakeholders.

Answer 2

The profits of the cooperative societies are distributed in the same way as a company would do with their dividend. If there is any amount left after paying for the taxes, interest payments, and other reserve payments, then it is distributed equally among the stakeholders.

Explanation:

• The cooperative societies operate like any other business company.  

• The only difference is that in a cooperative society the employees and management are all shareholders in the society.  

• The supplier of the society can also be shareholders. The profit from the cooperative society is distributed in the form of dividends like in a normal business organization.

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