Reena and teena was doing paternarship firm business in 40 to 60 words
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Answer:
Reena and Teena are doing a partnership firm. Now they want to know the advantage of Co-operative societies for business. So the advantages are:
1.) Voluntary organization. The membership of a cooperative society is open to all.
2.) Ease of formation.
3.) Democracy.
4.) Equitable distribution of surplus.
5.) Limited liability.
6.) Stable existence.
7.) Each for all and all for each.
8.) Greater identity of interests.
A cooperative society has to transfer at-least one-fourth of its profits to general reserve. Therefore it need not depend on outsider’s funds to meet its future financial requirements. It can utilize the funds available in the general reserve. Co-operative societies buy and sell in bulk quantities directly from the producers or to the consumers. Products are processed and graded before they are sold. Bulk purchases and sales ensure fair prices and good quality. Co-operative societies have played an important role in changing social customs and curbing unnecessary expenditure. The profits earned by the co-operatives have been used for providing basic amenities to the society.
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Answer:
Reena and Teena are doing a partnership firm. Now they want to know the advantage of Co-operative societies for business. So the advantages are:
1.) Voluntary organization. The membership of a cooperative society is open to all.
2.) Ease of formation.
3.) Democracy.
4.) Equitable distribution of surplus.
5.) Limited liability.
6.) Stable existence.
7.) Each for all and all for each.
8.) Greater identity of interests.
A cooperative society has to transfer at-least one-fourth of its profits to general reserve. Therefore it need not depend on outsider’s funds to meet its future financial requirements. It can utilize the funds available in the general reserve. Co-operative societies buy and sell in bulk quantities directly from the producers or to the consumers. Products are processed and graded before they are sold. Bulk purchases and sales ensure fair prices and good quality. Co-operative societies have played an important role in changing social customs and curbing unnecessary expenditure. The profits earned by the co-operatives have been used for providing basic amenities to the society.
Explanation: