Q.State any four books of account or statutory registers that a co-operative society is required to maintain.

The law requires a society to keep proper records so that its true position is always known and its accounts can be audited.

Section 65 of the MCS Act, 1960 requires every society to keep proper books of account and records, correct and up to date. Four important ones are:

1. Cash Book — records all cash and bank receipts and payments, entered day by day.
2. General Ledger and Personal Ledger — the general ledger holds the impersonal (asset, liability, income and expense) accounts, while the personal ledger holds the individual accounts of members, depositors and borrowers.
3. Register of Members — shows the name, address and shareholding of every member and is the basis for deciding who may vote.
4. Minute Books — record the proceedings and resolutions of the general body and of the managing committee meetings. …

Do not list only financial books or only registers — a good answer shows both kinds. Also, name specific records (e.g., 'Regi …