1
Question
Not For Profit Concerns Do Not Have A Profit Motive (True / False).
Not For Profit Concerns Do Not Have A Profit Motive (True / False).
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Solution
The given statement is true.
The Not-for-Profit is an Organisations that work with its main motive to provide service.
These organizations raise funds from their members as well as from the general public for meeting their objectives. However, they may earn profits in due course, and thus, they do not need to prepare trading and profit and loss accounts.
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The given statement is true.
The Not-for-Profit is an Organisations that work with its main motive to provide service.
These organizations raise funds from their members as well as from the general public for meeting their objectives. However, they may earn profits in due course, and thus, they do not need to prepare trading and profit and loss accounts.
Explore more such questions and answers at BYJU’S.
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