Question

develop a case study of an NPO by beginning with the primary motive of establishing it, including why it was decided to open a club or a library or a hospital,etc​

Answer 1

NPO:

• "Not for Profit" Organizations are groups that are created as charity entities with no desire to make a profit and are used for the benefit of society. Their primary objective is to serve a certain group or the general public. They typically don't produce, buy, or sell products, and they might not engage in credit transactions. As a result, they do not need to keep as many books of account (as do trading concerns) and trade and profit and loss accounts.
• The capital fund or general fund receives credit for the money that these organisations raise. Their primary revenue streams often include subscriptions from member donations, grants, money from investments, etc. In these organisations, preserving records is primarily done to comply with legal requirements and to aid in exercising control over how their money is used. In addition, they must determine their income, expenses, and financial status at the conclusion of each accounting period (often a financial year), produce the financial statements, and submit them to the Registrar of Societies, a government body.

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