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A source of capital to a cooperative society is

Commerce
WAEC 2023

A source of capital to a cooperative society is

  • A. contribution
  • B. debenture
  • C. retained profit
  • D. ordinary share
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option A
Explanation

Deposits of members, loans obtained from financial institutions, part of dividend called retained earning etc.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent