_____ need to maintain their books of accounts for tax and auditing purposes.

Profit organisation

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Not-for-profit organisation

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Street vendor

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None of the above

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Solution

The correct option is A Profit organisation
Profit organizations need to maintain their books of accounts for tax and auditing purposes. Motive for profit organization is to earn profits. Profit organization can take the form of the company and partnership entity. For profit companies can have a much more defined target audience than that of a nonprofit.

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