A-24 - Cooperative Associations Act

Section 85 Disposition versions

1977-12-31

85. The balance-sheet must show separately:

(a)  cash on hand;

(b)  deposits in a bank or a savings and credit union;

(c)  accounts receivable and provision for bad debts;

(d)  debts owing to the association by its directors, officers and members of the executive committee;

(e)  the value of the merchandise and produce on hand according to the inventory;

(f)  investments with a statement of their nature;

(g)  lands, buildings, machinery, equipment and furniture, specifying their cost and the cumulated amortization;

(h)  the cost of concessions, patents, trade marks, leases, contracts and licenses, if not amortized and if ascertainable in the books or in a contract of purchase or sale of a property;

(i)  expenditures made on account of future business;

(j)  accounts payable and other unsecured debts;

(k)  debts secured by hypothec or otherwise;

(l)  the amount of each class of shares subscribed for and the amount paid on such shares, showing separately the amounts repayable to members;

(m)  the surplus resulting from the operations of the association and the variations that have occurred therein since the preceding balance-sheet, showing separately the sums set apart for reserves;

(n)  indirect or contingent liabilities.

R. S. 1964, c. 292, s. 79.