Introduction Amul is an Indian dairy cooperative‚ based at Anand in the state of Gujarat‚ India.[2] The word Amul(अमूल) is derived from the Sanskrit wordAmulya(अमूल्य)‚ meaning invaluable.[3] The co-operative is also sometimes referred to by the unofficial backronym: Anand Milk Union Limited. Formed in 1946‚ it is a brand managed by a cooperative body‚ the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)‚ which today is jointly owned by 3.03 million milk producers in Gujarat.[4] Amul spurred India’s White
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oAmul a brand of success has managed to create a distinct and concrete image in the mind of the consumer. It’s all happens due to sincere‚ hard work and team effort or amul society‚ amul was formed in the year 1946 in the form of society by the visionary Dr .kurien with a noble purpose to uplift the village farmers to sustainable position by bringing them into the net of the society. Starting with a few liters of milk per day to millions and millions liters per day indicates the success
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to motivate the sales people towardsachieving higher sales) Non-financial motivators (Non-financial motivation plays a vital role for sales people at the later stages when they needthe psychological satisfaction‚ beyond the monetary benefits. In AMUL‚ financial motivators include: Adhoc Adhoc is a one type of allowance given to employees. union is deciding this allowance asan extra benefit for employees. HRA:- House rent allowance is given to employees as an incentive. HRA is given to thatemployees
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History of the company * * Milk‚ The inspiration behind a revolution | | Over six decades ago the life of a farmer in Kaira was very much like that of farmers anywhere else in India. His income was derived almost entirely from seasonal crops. Many poor farmers faced starvation during off-seasons. Their income from milch buffaloes was undependable. The milk marketing system was controlled by contractors and middlemen. As milk is perishable‚ farmers were compelled to sell their
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The Kaira District Co-operative Milk Producers’ Union Ltd. was registered on 1 December 1946 as a response to the exploitation of marginal milk producers by traders or agents of the only existing dairy‚ the Polson dairy‚ in the small city Anand (near Anand railway station) (in Kaira District of Gujarat).[7] Milk producers had to travel long distances to deliver milk‚ which often went sour in summer‚ to Polson. The prices of buffalo and cow milk were arbitrarily determined. Moreover‚ the government
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EXECUTIVE SUMMARY Project entitled “A Project on Financial Performance Analysis at Milma ERCMPU Edappally” is conducted to analyze the financial performance of Milma. It helped in knowing the financial efficiency and weakness of the concern and also to draw inference about the present position of the company. Kerala – Cooperative Milk Marketing Federation (KCMMF)‚ popularly called Milma was established in April 1980 with its head office at Thiruvananthapuram for the successful implementation of
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SUMMER TRAINING PROJECT REPORT ON STUDY OF ACCOUNTING PROCESS OF AMUL (DELHI MMO) & ANALYSIS OF BALANCE SHEET/PROFIT & LOSS ACCOUNT IN PARTIAL FULFILLMENT OF MBA (MASTER OF BUSINESS ADMINISTRATION) SUBMITTED TO :
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preparing a post-closing trial balance D. journalizing and posting the closing entries Score: 1/1 2. During the end-of-period processing which of the following best describes the logical order of this process Student Response Feedback A. Preparation of adjustments‚ adjusted trial balance‚ financial statements B. Preparation of Income Statement‚ adjusted trial balance‚ Balance Sheet C. Preparation of adjusted trial balance‚ cross-referencing‚ journalizing
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1 Find the roles that have facilitated preparation of balance sheet. Ans. Balance sheet provides details regarding the financial performance of a company. This as a consequence‚ requires the functions of various segments that work together. It involves the preparing of journal‚ ledger‚ trial balance‚ profit and loss account‚ balance sheet. Each of these segments have a role to play in order to formulate the eventual financial report. For eg. Vouchers may act like the source document that
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However‚ the cost of an asset purchased some ten years ago cannot reflect its current value to the business now‚ especially in a time of rising prices. In other words‚ a company’s balance sheet cannot represent a realistic financial position of that company at the year end. The value of assets in the balance sheet merely represents an aggregation of mixed values of assets purchased at different times. As a result‚ the company’s financial statements will be misleading‚ and comparing them with
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