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This document discusses the allocation and distribution of net surplus according to Republic Act 9520 Chapter X. It states that cooperatives must determine their net surplus at the close of each fiscal year according to their bylaws. The net surplus is not considered a profit but rather an excess payment returned to members. The order of distribution is outlined, with the first allocation being 10% minimum to the reserve fund to ensure stability, and up to 10% to the education and training fund to support c

Author

Arnie Casareo

Language

EN