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Question

Which of the following is a non-trading association?

A
Company
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B
Partnership firm
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C
Club
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D
HUF
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Solution

The correct option is C Club
Non-Trading Organizations. A business concern is an organization involved in activities of buying or selling goods and services with a view of making a profit. There are associations, clubs or societies which are not formed for the purpose of making profit. These are called non-trading organizations..

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