Question

1. Not-For-Profit organisations are formed for: of these
2. Most of Not-For-Profit organisation transactions are :
3. Receipt and Payment Account include items of: Capital
4. Income and Expenditure Account includes the amounts of
5. Capital Fund does not include
Pls guys correct answer​

Answer 1

Answer:

1. What is a not-for-profit organization? Similar to a nonprofit, a not-for-profit organization (NFPO) is one that does not earn profit for its owners.
2. All money earned through pursuing business activities or through donations goes right back into running the organization
3. As stated earlier, normally such organisations are not engaged in any trading or business activities.
4. The main sources of their income are subscriptions from members, donations, financial assistance from government and income from investments.
5. Most of their transactions are in cash or through the bank.

Answer 2

Cited as examples below are a few very well known, and in most cases, very well respected, nonprofit corporations and organizations:

Cited as examples below are a few very well known, and in most cases, very well respected, nonprofit corporations and organizations:Amnesty International.Better Business Bureau.