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Co-operatives Organization

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Co-operatives Organization

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by AvatarKen Garrett.
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  • January 13, 2022 at 2:53 am #645790
    AvatarHashmatSaidy
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    Respected Sir,
    Hopefully, you are doing well.
    First of all, I do thank you for providing such the most important materials to the people.
    Anyway, my question is:
    Co-operatives are a non-profit seeking organizations or not?

    January 13, 2022 at 8:23 am #645807
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10654
    • ☆☆☆☆☆

    They can be, but often not. There is no reason why they could not seek to make profits and these would be distributable amongst the members rather than, in a company, investors.

    Thank you for your thanks.

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