Forming and accounting of mutual fund in the agricultural production cooperative

The formation of new forms of management in the period of formation of the market economy create conditions for the production of a variety of products necessary for the population of the country. Is one form of agricultural production cooperatives. Creation of any organization begins with the preparation of the constituent documents and the creation of the authorized capital. In agricultural production cooperatives, the authorized capital is formed in the form of a mutual Fund consisting of mutual contributions of members of the cooperative and associate members of the cooperative. Mutual contributions can be in the form of own and attracted funds in monetary and non-monetary terms. An indivisible Fund is formed from a certain part of mutual contributions. An indivisible background consists of a part of mutual deposits and the profit generated in the course of economic activity of the Association. A necessary condition for the formation of an indivisible Fund is the creation of a reserve Fund. Unit contributions are recorded only in monetary terms. During the economic activities of enterprises mutual Fund is constantly changing in accordance with the laws and Charter of the cooperative. Accordingly, the changes relate to both indivisible and reserve funds. These changes concern the members of the cooperative and the associate members of the cooperative. Any movement of property and funds of shareholders must be fully and accurately reflected in the accounts of the accounting of the agricultural production cooperative in accordance with the regulations. Therefore, it is necessary to introduce a sub-account of the second order for a separate accounting of the mandatory unit contribution, additional unit contribution, incremented unit contributions by members of the Association and associate members of the Association.