Patronage Dividend is a cooperative accounting term for:


A. Dividend income remaining after deduction of direct and indirect expenses

B. Dividend issued to the patrons of a cooperative society.

C. An amount of net surplus paid to members according to participation in producing the net surplus.

D. Portion of net surplus paid to members in proportion to amount of interest paid by them to the SACCOS on all loans in the preceding financial year.

Leave an answer

Sorry, you do not have permission to answer to this question .